First Horizon Advisors Inc. Acquires 116 Shares of Chubb Limited (NYSE:CB)

First Horizon Advisors Inc. raised its holdings in shares of Chubb Limited (NYSE:CB) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,905 shares of the financial services provider’s stock after purchasing an additional 116 shares during the period. First Horizon Advisors Inc.’s holdings in Chubb were worth $11,579,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CB. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% during the third 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. Gordian Capital Singapore Pte Ltd bought a new position in Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the 3rd quarter valued at about $29,000. Sierra Ocean LLC bought a new stake in shares of Chubb in the fourth quarter worth approximately $29,000. Finally, Truvestments Capital LLC purchased a new position in shares of Chubb during the third quarter valued at approximately $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of NYSE CB opened at $267.19 on Friday. 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 1 year low of $238.85 and a 1 year high of $302.05. The firm has a fifty day moving average price of $270.59 and a 200-day moving average price of $279.46. The stock has a market cap of $107.70 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CB. JPMorgan Chase & Co. raised their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Evercore ISI raised their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $295.73.

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.