Westbourne Investment Advisors Inc. Has $5.17 Million Stock Position in Chubb Limited (NYSE:CB)

Westbourne Investment Advisors Inc. grew its position in Chubb Limited (NYSE:CB) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,703 shares of the financial services provider’s stock after purchasing an additional 1,115 shares during the period. Chubb comprises about 1.8% of Westbourne Investment Advisors Inc.’s holdings, making the stock its 23rd largest position. Westbourne Investment Advisors Inc.’s holdings in Chubb were worth $5,168,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Continuum Advisory LLC lifted its position in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the period. Kozak & Associates Inc. acquired a new stake in Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd bought a new position in Chubb in the 3rd quarter valued at $29,000. Raelipskie Partnership bought a new position in Chubb in the 3rd quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb in the 3rd quarter valued at $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of NYSE CB opened at $270.14 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market cap of $108.89 billion, a P/E ratio of 11.89, a P/E/G ratio of 3.35 and a beta of 0.67. The firm’s fifty day moving average is $273.89 and its two-hundred day moving average is $279.49. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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%. As a group, analysts anticipate that Chubb Limited will post 21.91 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. Chubb’s payout ratio is 16.02%.

Analysts Set New Price Targets

Several research firms have weighed in on CB. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Evercore ISI lifted their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company dropped their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and an average price target 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.