Impact Partnership Wealth LLC Acquires Shares of 2,255 Chubb Limited (NYSE:CB)

Impact Partnership Wealth LLC bought a new position in Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,255 shares of the financial services provider’s stock, valued at approximately $623,000.

Other hedge funds also recently made changes to their positions in the company. RFG Advisory LLC boosted its position in Chubb by 111.4% during the 4th quarter. RFG Advisory LLC now owns 2,442 shares of the financial services provider’s stock valued at $675,000 after buying an additional 1,287 shares during the period. MFA Wealth Services bought a new position in shares of Chubb during the fourth quarter valued at about $461,000. Cornerstone Wealth Management LLC boosted its holdings in shares of Chubb by 4.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,188 shares of the financial services provider’s stock worth $1,157,000 after purchasing an additional 184 shares during the period. Brighton Jones LLC grew its stake in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the last quarter. Finally, Trust Co. of Oklahoma lifted its holdings in Chubb by 2.1% in the 4th quarter. Trust Co. of Oklahoma now owns 5,654 shares of the financial services provider’s stock worth $1,562,000 after buying an additional 119 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley lifted their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America increased their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Finally, Piper Sandler lifted their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $288.17.

Chubb Price Performance

Shares of NYSE:CB opened at $266.21 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $107.31 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 7.23 and a beta of 0.67. The firm has a fifty day moving average price of $277.08 and a 200 day moving average price of $278.64. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS 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 during the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the previous year, the business earned $4.95 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Chubb Limited will post 21.95 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

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.