Maia Wealth LLC Purchases 59 Shares of Chubb Limited (NYSE:CB)

Maia Wealth LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 8.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 771 shares of the financial services provider’s stock after acquiring an additional 59 shares during the period. Maia Wealth LLC’s holdings in Chubb were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Continuum Advisory LLC boosted its stake 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 last quarter. Gordian Capital Singapore Pte Ltd bought a new position in Chubb during the third quarter valued at approximately $29,000. Raelipskie Partnership bought a new position in Chubb during the third quarter valued at approximately $29,000. Sierra Ocean LLC bought a new position in Chubb during the fourth quarter valued at approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the 3rd quarter valued at approximately $30,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CB. Keefe, Bruyette & Woods raised their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company lowered their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, Barclays lowered their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $295.73.

Chubb Price Performance

Shares of CB stock opened at $289.66 on Tuesday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a market capitalization of $116.76 billion, a P/E ratio of 12.75, a P/E/G ratio of 3.36 and a beta of 0.67. The stock has a 50 day moving average price of $271.30 and a 200 day moving average price of $279.99.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.26%. Chubb’s payout ratio is currently 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.