Greenwood Capital Associates LLC Increases Position in Chubb Limited (NYSE:CB)

Greenwood Capital Associates LLC raised its position in shares of Chubb Limited (NYSE:CB) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,761 shares of the financial services provider’s stock after buying an additional 1,366 shares during the period. Greenwood Capital Associates LLC’s holdings in Chubb were worth $3,250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Continuum Advisory LLC raised its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new position in Chubb in the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the 3rd quarter worth $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb during the third quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb in the third quarter valued at approximately $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Barclays dropped their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Bank of America lifted their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Morgan Stanley increased their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $290.12.

Chubb Trading Up 0.4 %

Shares of CB stock opened at $273.08 on Tuesday. The firm’s 50-day simple moving average is $275.16 and its 200-day simple moving average is $279.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The firm has a market cap of $110.08 billion, a P/E ratio of 12.07, a PEG ratio of 3.35 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities analysts forecast that Chubb Limited will post 21.91 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.