Stonebridge Financial Group LLC Makes New Investment in Chubb Limited (NYSE:CB)

Stonebridge Financial Group LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,159 shares of the financial services provider’s stock, valued at approximately $4,188,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC grew 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 valued at $28,000 after buying an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new position in shares of Chubb in the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the third quarter valued at approximately $29,000. Raelipskie Partnership acquired a new stake in Chubb during the 3rd quarter valued at approximately $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb during the 3rd quarter worth approximately $30,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 1.4 %

NYSE:CB opened at $266.32 on Tuesday. 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 Limited has a one year low of $238.85 and a one year high of $302.05. The company has a market cap of $107.36 billion, a PE ratio of 11.72, a PEG ratio of 3.41 and a beta of 0.67. The firm has a 50-day moving average of $273.52 and a 200-day moving average of $279.80.

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 return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts expect that Chubb Limited will post 21.66 EPS for the current fiscal 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 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CB shares. Wells Fargo & Company reduced their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays dropped 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.