Burney Co. Has $2.31 Million Stock Position in Chubb Limited (NYSE:CB)

Burney Co. lifted its position in Chubb Limited (NYSE:CB) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,366 shares of the financial services provider’s stock after buying an additional 625 shares during the period. Burney Co.’s holdings in Chubb were worth $2,312,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of 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 purchasing an additional 130,629 shares during the period. Czech National Bank increased its stake in Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after purchasing an additional 4,757 shares in the last quarter. Barclays PLC raised its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares during the period. Moloney Securities Asset Management LLC lifted its stake in Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after buying an additional 1,905 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new position in shares of Chubb in the third quarter valued at approximately $721,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

NYSE:CB opened at $268.34 on Thursday. The company has a market cap of $108.17 billion, a P/E ratio of 10.99, a P/E/G ratio of 6.43 and a beta of 0.67. The firm’s fifty day moving average price is $278.46 and its two-hundred day moving average price is $278.16. Chubb Limited has a one year low of $226.06 and a one year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its quarterly 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. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.95 EPS. Equities analysts expect that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared 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. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.36%. Chubb’s payout ratio is currently 14.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Bank of America upped their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Piper Sandler increased their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. JMP Securities upped their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $288.17.

Chubb Company 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.