Echo45 Advisors LLC Increases Holdings in Chubb Limited (NYSE:CB)

Echo45 Advisors LLC raised its stake in Chubb Limited (NYSE:CB) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 964 shares of the financial services provider’s stock after acquiring an additional 53 shares during the period. Echo45 Advisors LLC’s holdings in Chubb were worth $262,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several brokerages have commented on CB. Wells Fargo & Company cut their target price 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. Keefe, Bruyette & Woods increased their price objective on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Piper Sandler boosted their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. JMP Securities upped their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley lifted their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $288.17.

Chubb Stock Performance

NYSE:CB opened at $268.21 on Thursday. The stock has a 50-day simple moving average of $277.39 and a two-hundred day simple moving average of $278.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The firm has a market capitalization of $108.11 billion, a PE ratio of 10.98, a P/E/G ratio of 7.29 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the prior year, the firm posted $4.95 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Chubb Limited will post 22 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis 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 14.91%.

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.