Roffman Miller Associates Inc. PA Increases Position in Chubb Limited (NYSE:CB)

Roffman Miller Associates Inc. PA increased its stake in shares of Chubb Limited (NYSE:CB) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,336 shares of the financial services provider’s stock after buying an additional 756 shares during the quarter. Chubb comprises approximately 2.2% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 18th biggest holding. Roffman Miller Associates Inc. PA’s holdings in Chubb were worth $36,012,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Continuum Advisory LLC lifted its position in Chubb by 56.5% during 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. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb during the third quarter valued at $29,000. Raelipskie Partnership acquired a new position in Chubb during the third quarter valued at $29,000. Sierra Ocean LLC acquired a new position in Chubb during the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb during the third quarter valued at $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Down 0.1 %

Shares of NYSE CB opened at $267.19 on Monday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The stock has a market cap of $107.70 billion, a PE ratio of 11.76, a P/E/G ratio of 3.36 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $270.59 and a 200 day moving average of $279.55.

Chubb (NYSE:CB) last announced its quarterly earnings data 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%. As a group, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CB. Wells Fargo & Company decreased their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Morgan Stanley upped their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $295.73.

About Chubb

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.