Albion Financial Group UT Boosts Stock Position in Chubb Limited (NYSE:CB)

Albion Financial Group UT lifted its holdings in shares of Chubb Limited (NYSE:CB) by 411.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179 shares of the financial services provider’s stock after buying an additional 144 shares during the quarter. Albion Financial Group UT’s holdings in Chubb were worth $50,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Missouri Trust & Investment Co raised its position in Chubb by 8.3% during the fourth quarter. Missouri Trust & Investment Co now owns 3,378 shares of the financial services provider’s stock worth $933,000 after acquiring an additional 260 shares during the period. Dakota Wealth Management increased its stake in shares of Chubb by 67.8% during the fourth quarter. Dakota Wealth Management now owns 28,399 shares of the financial services provider’s stock worth $7,847,000 after purchasing an additional 11,474 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Chubb by 259.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 321,094 shares of the financial services provider’s stock worth $89,005,000 after purchasing an additional 231,791 shares during the last quarter. Genesis Private Wealth LLC acquired a new position in shares of Chubb during the 4th quarter worth about $248,000. Finally, Simon Quick Advisors LLC lifted its stake in Chubb by 11.1% in the 4th quarter. Simon Quick Advisors LLC now owns 1,741 shares of the financial services provider’s stock valued at $481,000 after buying an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $268.21 on Thursday. The firm has a market cap of $108.11 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 7.29 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The business’s fifty day simple moving average is $277.39 and its 200-day simple moving average is $278.72.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the prior year, the company posted $4.95 earnings per share. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that Chubb Limited will post 22 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. Chubb’s payout ratio is currently 14.91%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CB. Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Piper Sandler lifted their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $288.17.

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.