Thurston Springer Miller Herd & Titak Inc. Grows Stock Position in Chubb Limited (NYSE:CB)

Thurston Springer Miller Herd & Titak Inc. boosted its stake in Chubb Limited (NYSE:CB) by 62.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,178 shares of the financial services provider’s stock after acquiring an additional 3,917 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Chubb were worth $2,812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. One Capital Management LLC boosted its stake in shares of Chubb by 306.7% during the 2nd quarter. One Capital Management LLC now owns 5,161 shares of the financial services provider’s stock valued at $1,316,000 after buying an additional 3,892 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Chubb by 255.4% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 9,444 shares of the financial services provider’s stock valued at $2,414,000 after buying an additional 6,787 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Chubb by 3.6% during the 2nd quarter. Moors & Cabot Inc. now owns 10,980 shares of the financial services provider’s stock valued at $2,801,000 after buying an additional 378 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its stake in shares of Chubb by 1.4% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 3,300 shares of the financial services provider’s stock valued at $842,000 after buying an additional 45 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of Chubb by 799.4% during the 2nd quarter. Virtu Financial LLC now owns 13,752 shares of the financial services provider’s stock valued at $3,508,000 after buying an additional 12,223 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of several research analyst reports. Wells Fargo & Company reduced their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday. JMP Securities increased their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price target on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $288.17.

Chubb Price Performance

Shares of CB opened at $265.54 on Wednesday. The firm has a market capitalization of $107.04 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a one year low of $226.06 and a one year high of $302.05. The stock’s fifty day moving average is $278.46 and its 200-day moving average is $278.16.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $4.95 earnings per share. Equities analysts anticipate that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.37%. Chubb’s dividend payout ratio is currently 14.91%.

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.