Wilmington Savings Fund Society FSB Grows Stock Holdings in Chubb Limited (NYSE:CB)

Wilmington Savings Fund Society FSB grew its stake in Chubb Limited (NYSE:CB) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,981 shares of the financial services provider’s stock after purchasing an additional 2,321 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Chubb were worth $5,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Continuum Advisory LLC increased its stake 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 last quarter. Kozak & Associates Inc. purchased a new stake in shares of Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the third quarter worth about $29,000. Raelipskie Partnership purchased a new position in Chubb during the third quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 1.0 %

CB stock opened at $270.14 on Friday. The company has a market cap of $108.89 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a fifty day moving average price of $273.52 and a 200 day moving average price of $279.55. 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 (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts expect that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company cut their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Evercore ISI upped their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Barclays reduced their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.