Resonant Capital Advisors LLC Purchases 50 Shares of Chubb Limited (NYSE:CB)

Resonant Capital Advisors LLC lifted its position in Chubb Limited (NYSE:CB) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,676 shares of the financial services provider’s stock after buying an additional 50 shares during the period. Resonant Capital Advisors LLC’s holdings in Chubb were worth $465,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Continuum Advisory LLC increased its position in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb in the third quarter worth about $29,000. Raelipskie Partnership acquired a new position in shares of Chubb during the third quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new position in shares of Chubb in the 3rd quarter valued at approximately $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.9 %

Shares of CB stock opened at $274.31 on Tuesday. The stock has a 50 day simple moving average of $275.16 and a 200-day simple moving average of $279.45. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The company has a market cap of $110.57 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 3.35 and a beta of 0.67. 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 announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities research analysts expect that Chubb Limited will post 21.91 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CB shares. Morgan Stanley lifted their price objective 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. 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. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased 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. Finally, Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $290.12.

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.