Catalina Capital Group LLC Has $697,000 Stock Holdings in Chubb Limited (NYSE:CB)

Catalina Capital Group LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,524 shares of the financial services provider’s stock after buying an additional 74 shares during the quarter. Catalina Capital Group LLC’s holdings in Chubb were worth $697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CB. Goelzer Investment Management Inc. lifted its stake in Chubb by 4.5% during the 3rd quarter. Goelzer Investment Management Inc. now owns 1,214 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 52 shares in the last quarter. Harbor Investment Advisory LLC increased its position in shares of Chubb by 34.4% during the 3rd quarter. Harbor Investment Advisory LLC now owns 2,381 shares of the financial services provider’s stock valued at $687,000 after purchasing an additional 610 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Chubb by 5.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 129,628 shares of the financial services provider’s stock valued at $37,383,000 after purchasing an additional 6,500 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Chubb by 36.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,941 shares of the financial services provider’s stock worth $1,425,000 after purchasing an additional 1,330 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Chubb in the 3rd quarter worth about $282,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CB. Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $290.12.

Chubb Trading Down 1.0 %

Chubb stock opened at $272.01 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The stock has a market cap of $109.65 billion, a P/E ratio of 11.97, a PEG ratio of 7.45 and a beta of 0.67. The firm’s fifty day moving average price is $275.16 and its 200-day moving average price is $279.37.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.86% and a net margin of 16.63%. Equities research analysts forecast that Chubb Limited will post 22.86 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

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.