Goelzer Investment Management Inc. Raises Stock Position in Chubb Limited (NYSE:CB)

Goelzer Investment Management Inc. lifted its stake in Chubb Limited (NYSE:CB) by 10.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,340 shares of the financial services provider’s stock after acquiring an additional 126 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Chubb were worth $370,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC boosted its position in Chubb by 56.5% in the 3rd 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. Kozak & Associates Inc. bought a new stake in Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb during the third quarter worth $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $266.71 on Friday. The business’s fifty day moving average is $276.24 and its two-hundred day moving average is $278.65. The stock has a market capitalization of $107.51 billion, a P/E ratio of 10.92, a P/E/G ratio of 7.23 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 1 year low of $238.85 and a 1 year high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter last year, the business posted $4.95 EPS. Chubb’s revenue was up 5.5% on a year-over-year basis. On average, research analysts forecast that Chubb Limited will post 21.95 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is 14.91%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CB shares. Piper Sandler increased their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Bank of America increased their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Jefferies Financial Group boosted their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $288.17.

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.