Asset Management One Co. Ltd. Grows Stock Holdings in Chubb Limited (NYSE:CB)

Asset Management One Co. Ltd. raised its stake in Chubb Limited (NYSE:CB) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 191,831 shares of the financial services provider’s stock after buying an additional 383 shares during the period. Asset Management One Co. Ltd.’s holdings in Chubb were worth $53,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CB. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new position in Chubb during the third quarter worth about $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the third quarter valued at about $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb in the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the 3rd quarter worth approximately $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on CB shares. Morgan Stanley raised their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Evercore ISI lifted their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a 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 company an “outperform” rating in a research note on Friday, January 31st. Finally, Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $295.73.

Chubb Stock Up 1.1 %

Shares of NYSE:CB opened at $267.89 on Friday. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The stock has a 50-day simple moving average of $272.29 and a 200-day simple moving average of $279.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a market capitalization of $107.98 billion, a P/E ratio of 11.79, a PEG ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (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 analysts forecast that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Announces Dividend

The business 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. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 16.02%.

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.