Chubb Limited (NYSE:CB) Shares Acquired by Advocate Group LLC

Advocate Group LLC grew its stake in Chubb Limited (NYSE:CB) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,800 shares of the financial services provider’s stock after buying an additional 86 shares during the period. Advocate Group LLC’s holdings in Chubb were worth $6,576,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Compass Wealth Management LLC lifted its stake in shares of Chubb by 0.8% in the 4th quarter. Compass Wealth Management LLC now owns 15,646 shares of the financial services provider’s stock worth $4,323,000 after acquiring an additional 128 shares during the period. Grimes & Company Inc. lifted its stake in shares of Chubb by 3.0% in the 4th quarter. Grimes & Company Inc. now owns 1,923 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 56 shares during the period. Cyndeo Wealth Partners LLC lifted its stake in shares of Chubb by 1.3% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 19,135 shares of the financial services provider’s stock worth $5,287,000 after acquiring an additional 237 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Chubb by 0.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,484 shares of the financial services provider’s stock worth $2,897,000 after acquiring an additional 42 shares during the period. Finally, Firethorn Wealth Partners LLC lifted its stake in shares of Chubb by 4.3% in the 4th quarter. Firethorn Wealth Partners LLC now owns 1,401 shares of the financial services provider’s stock worth $387,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 0.1 %

Shares of NYSE:CB opened at $266.71 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $276.24 and a 200 day simple moving average of $278.65. The firm has a market cap of $107.51 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. Chubb Limited has a 12-month low of $238.85 and a 12-month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.95 earnings per share. On average, equities research analysts anticipate that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.36%. Chubb’s payout ratio is 14.91%.

Analysts Set New Price Targets

CB has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Piper Sandler increased their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Evercore ISI increased their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley raised their target price on shares of 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 assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.