10,873 Shares in Chubb Limited (NYSE:CB) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new position in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,873 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Oakworth Capital Inc. raised its holdings in shares of Chubb by 16.6% in the fourth quarter. Oakworth Capital Inc. now owns 1,875 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 267 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of Chubb in the fourth quarter worth $170,000. Financial Advocates Investment Management raised its holdings in shares of Chubb by 2.0% in the fourth quarter. Financial Advocates Investment Management now owns 3,654 shares of the financial services provider’s stock worth $1,010,000 after acquiring an additional 71 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Chubb by 2.8% in the fourth quarter. Bleakley Financial Group LLC now owns 9,069 shares of the financial services provider’s stock worth $2,506,000 after acquiring an additional 250 shares during the last quarter. Finally, YANKCOM Partnership acquired a new position in shares of Chubb in the fourth quarter worth $579,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE CB opened at $267.89 on Friday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The business has a 50-day moving average of $272.29 and a 200-day moving average of $279.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company has a market capitalization of $107.98 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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%. On average, equities analysts anticipate that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 16.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CB shares. Keefe, Bruyette & Woods boosted their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Wells Fargo & Company lowered their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Chubb has an average rating of “Hold” and a consensus target price 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.