Chubb Limited (NYSE:CB) Shares Purchased by Webster Bank N. A.

Webster Bank N. A. boosted its holdings in Chubb Limited (NYSE:CB) by 1.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,020 shares of the financial services provider’s stock after purchasing an additional 63 shares during the quarter. Webster Bank N. A.’s holdings in Chubb were worth $1,387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new position in Chubb in the second quarter worth approximately $459,000. Murchinson Ltd. acquired a new position in shares of Chubb in the 2nd quarter worth $797,000. Ascent Group LLC grew its holdings in shares of Chubb by 12.4% in the 2nd quarter. Ascent Group LLC now owns 6,946 shares of the financial services provider’s stock worth $1,772,000 after acquiring an additional 764 shares during the last quarter. Creative Planning raised its position in shares of Chubb by 9.2% during the second quarter. Creative Planning now owns 141,320 shares of the financial services provider’s stock worth $36,048,000 after purchasing an additional 11,891 shares during the period. Finally, Magnolia Capital Advisors LLC purchased a new stake in shares of Chubb during the second quarter valued at $13,182,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 0.1 %

CB stock opened at $266.71 on Monday. The firm has a market cap of $107.51 billion, a PE ratio of 10.92, a PEG ratio of 7.23 and a beta of 0.67. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a fifty day simple moving average of $276.24 and a 200 day simple moving average of $278.99. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

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

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend 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

A number of equities analysts recently weighed in on the company. JMP Securities lifted their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Piper Sandler lifted their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.