Human Investing LLC purchased a new position in Chubb Limited (NYSE:CB – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 132 shares of the financial services provider’s stock, valued at approximately $36,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of CB. Ironwood Investment Counsel LLC grew its stake in shares of Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after buying an additional 35 shares during the period. Continuum Advisory LLC grew its holdings in shares of 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 purchasing an additional 35 shares during the period. First Financial Bank Trust Division increased its position in shares of Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 37 shares during the last quarter. Rede Wealth LLC lifted its position in Chubb by 2.0% in the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock valued at $525,000 after buying an additional 37 shares during the last quarter. Finally, Wealth Effects LLC lifted its position in Chubb by 3.0% in the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after buying an additional 40 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.
Chubb Stock Down 1.2 %
CB opened at $264.49 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The stock has a market capitalization of $106.62 billion, a P/E ratio of 11.64, a P/E/G ratio of 3.41 and a beta of 0.67. The business has a 50 day simple moving average of $271.54 and a 200-day simple moving average of $279.63.
Chubb Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 16.02%.
Analysts Set New Price Targets
CB has been the topic of a number of research analyst reports. Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $295.73.
Read Our Latest Stock Analysis on CB
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.
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