Bryn Mawr Capital Management LLC Boosts Stock Position in Chubb Limited (NYSE:CB)

Bryn Mawr Capital Management LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 115.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,412 shares of the financial services provider’s stock after buying an additional 4,499 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Chubb were worth $2,324,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ironwood Investment Counsel LLC raised its holdings in shares of Chubb by 2.1% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after acquiring an additional 35 shares during the period. Continuum Advisory LLC grew its holdings in shares of Chubb by 56.5% in the third 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 period. First Financial Bank Trust Division increased its position in Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 37 shares during the last quarter. Rede Wealth LLC raised its stake in Chubb by 2.0% during the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 37 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Chubb by 1.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock valued at $1,069,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.5 %

Shares of CB stock opened at $267.69 on Friday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a 50 day moving average price of $270.77 and a 200 day moving average price of $279.37. The stock has a market capitalization of $107.90 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping 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%. Equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent analyst reports. JMP Securities restated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Barclays cut their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Company 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.