Angeles Wealth Management LLC Purchases 415 Shares of Chubb Limited (NYSE:CB)

Angeles Wealth Management LLC increased its position in Chubb Limited (NYSE:CB) by 33.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,649 shares of the financial services provider’s stock after purchasing an additional 415 shares during the quarter. Angeles Wealth Management LLC’s holdings in Chubb were worth $456,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC lifted its position in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the period. Kozak & Associates Inc. bought a new position in shares of Chubb in the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership bought a new stake in Chubb during the third quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb in the third quarter worth about $30,000. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CB has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Evercore ISI increased their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target of $295.73.

Chubb Stock Down 1.4 %

Shares of Chubb stock opened at $266.32 on Tuesday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $273.52 and its 200 day moving average is $279.80. The company has a market cap of $107.36 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Research analysts anticipate that Chubb Limited will post 21.66 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.37%. Chubb’s payout ratio is 16.02%.

Chubb Company 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.