Avitas Wealth Management LLC Has $2.42 Million Position in Chubb Limited (NYSE:CB)

Avitas Wealth Management LLC grew its position in Chubb Limited (NYSE:CB) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,761 shares of the financial services provider’s stock after purchasing an additional 40 shares during the period. Avitas Wealth Management LLC’s holdings in Chubb were worth $2,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Wealth Enhancement Advisory Services LLC lifted its holdings in Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after acquiring an additional 130,629 shares in the last quarter. Czech National Bank lifted its holdings in shares of Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after purchasing an additional 4,757 shares in the last quarter. Barclays PLC grew its position in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares during the period. Moloney Securities Asset Management LLC increased its stake in Chubb by 97.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 1,905 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new stake in Chubb during the 3rd quarter worth approximately $721,000. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CB has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays reduced 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. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Evercore ISI upped 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 lifted their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $290.12.

Chubb Stock Performance

Shares of CB stock opened at $272.31 on Wednesday. The company has a fifty day moving average price of $274.91 and a two-hundred day moving average price of $279.50. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its earnings results 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, equities analysts predict that Chubb Limited will post 21.91 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is presently 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.