Global X Japan Co. Ltd. Increases Stake in Chubb Limited (NYSE:CB)

Global X Japan Co. Ltd. raised its holdings in shares of Chubb Limited (NYSE:CB) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,770 shares of the financial services provider’s stock after buying an additional 148 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Chubb were worth $489,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CB. Beese Fulmer Investment Management Inc. grew its holdings in shares of Chubb by 0.7% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 57,551 shares of the financial services provider’s stock valued at $15,901,000 after purchasing an additional 413 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Chubb by 4.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,407 shares of the financial services provider’s stock valued at $14,204,000 after buying an additional 2,249 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $30,000. Oakworth Capital Inc. raised its position in shares of Chubb by 16.6% during the 4th quarter. Oakworth Capital Inc. now owns 1,875 shares of the financial services provider’s stock valued at $518,000 after buying an additional 267 shares during the period. Finally, Silver Oak Securities Incorporated acquired a new position in Chubb in the fourth quarter valued at approximately $170,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE CB opened at $272.79 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $109.96 billion, a P/E ratio of 12.01, a P/E/G ratio of 3.35 and a beta of 0.67. The stock has a 50 day moving average of $274.24 and a two-hundred day moving average of $279.54. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, research analysts forecast that Chubb Limited will post 21.91 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed 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. This represents a $3.64 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is presently 16.02%.

Analysts Set New Price Targets

A number of equities research analysts have commented on CB shares. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Two equities research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $295.73.

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.