Chubb Limited (NYSE:CB) Shares Bought by Delta Capital Management LLC

Delta Capital Management LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 0.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,487 shares of the financial services provider’s stock after purchasing an additional 50 shares during the period. Chubb makes up approximately 1.4% of Delta Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. Delta Capital Management LLC’s holdings in Chubb were worth $3,726,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts have commented on CB shares. Piper Sandler boosted their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Jefferies Financial Group boosted their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Bank of America increased their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. JMP Securities boosted their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus target price of $288.17.

Chubb Stock Down 1.5 %

Shares of NYSE CB opened at $269.38 on Friday. The business has a 50-day moving average price of $277.89 and a 200 day moving average price of $278.16. The stock has a market cap of $108.59 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $226.74 and a 52-week high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $4.95 earnings per share. Equities research analysts forecast that Chubb Limited will post 21.93 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, December 13th. 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.