Alexander Labrunerie & CO. Inc. Invests $205,000 in Chubb Limited (NYSE:CB)

Alexander Labrunerie & CO. Inc. purchased a new position in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 742 shares of the financial services provider’s stock, valued at approximately $205,000.

Other large investors also recently made changes to their positions in the company. Continuum Advisory LLC boosted its stake 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 period. Kozak & Associates Inc. bought a new stake in Chubb during the 3rd quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the 3rd quarter valued at approximately $29,000. Raelipskie Partnership bought a new stake in shares of Chubb in the 3rd quarter worth approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the 3rd quarter worth approximately $30,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Barclays dropped their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Evercore ISI increased their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $290.12.

Chubb Stock Down 0.6 %

NYSE:CB opened at $272.31 on Wednesday. The stock’s fifty day simple moving average is $274.91 and its 200-day simple moving average is $279.50. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $109.77 billion, a P/E ratio of 11.99, a P/E/G ratio of 3.35 and a beta of 0.67. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts expect that Chubb Limited will post 21.91 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is 16.02%.

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.