Steward Partners Investment Advisory LLC Buys 6,076 Shares of Chubb Limited (NYSE:CB)

Steward Partners Investment Advisory LLC lifted its stake in Chubb Limited (NYSE:CB) by 4.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 129,290 shares of the financial services provider’s stock after purchasing an additional 6,076 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Chubb were worth $35,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Continuum Advisory LLC raised its position 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 worth $28,000 after buying an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the third quarter worth $29,000. Raelipskie Partnership purchased a new position in Chubb in the 3rd quarter worth approximately $29,000. Sierra Ocean LLC bought a new position in shares of Chubb in the 4th quarter worth $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb during the 3rd quarter valued at $30,000. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CB has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company reduced their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Finally, Barclays cut their target price 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 equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Stock Up 1.5 %

Shares of NYSE CB opened at $289.66 on Tuesday. The company has a market cap of $116.76 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 3.36 and a beta of 0.67. 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 firm’s fifty day moving average is $271.30 and its 200 day moving average is $279.99. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s payout ratio is 16.02%.

About Chubb

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.