Charles Schwab Investment Management Inc. Has $617.57 Million Holdings in Chubb Limited (NYSE:CB)

Charles Schwab Investment Management Inc. increased its position in shares of Chubb Limited (NYSE:CB) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,235,155 shares of the financial services provider’s stock after buying an additional 46,068 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Chubb were worth $617,573,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its stake in shares of Chubb by 24.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,018 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 397 shares during the period. Van ECK Associates Corp increased its holdings in Chubb by 2.8% in the third quarter. Van ECK Associates Corp now owns 13,010 shares of the financial services provider’s stock worth $3,838,000 after purchasing an additional 359 shares in the last quarter. Donaldson Capital Management LLC lifted its stake in Chubb by 13.7% in the third quarter. Donaldson Capital Management LLC now owns 904 shares of the financial services provider’s stock valued at $261,000 after buying an additional 109 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in shares of Chubb by 7.2% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 613 shares of the financial services provider’s stock worth $177,000 after buying an additional 41 shares in the last quarter. Finally, Impax Asset Management Group plc bought a new position in shares of Chubb during the 3rd quarter worth approximately $26,336,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $295.73.

Chubb Stock Down 2.0 %

CB opened at $284.02 on Wednesday. The company has a 50 day moving average of $271.45 and a 200 day moving average of $280.06. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a market cap of $114.49 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 3.36 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 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio 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.