Chubb Limited (NYSE:CB) Shares Purchased by James J. Burns & Company LLC

James J. Burns & Company LLC increased its stake in Chubb Limited (NYSE:CB) by 14.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 884 shares of the financial services provider’s stock after acquiring an additional 109 shares during the quarter. James J. Burns & Company LLC’s holdings in Chubb were worth $244,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC grew its position in shares of Chubb by 56.5% in the third 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 in the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Chubb in the third quarter valued at $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb during the third quarter worth about $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb in the third quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CB. Keefe, Bruyette & Woods upped their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus target price of $290.12.

Chubb Stock Up 0.9 %

Shares of NYSE:CB opened at $274.31 on Tuesday. 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 $275.16 and a 200-day simple moving average of $279.45. 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 $110.57 billion, a P/E ratio of 12.07, a PEG ratio of 3.35 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results 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 21.91 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.33%. Chubb’s dividend payout ratio is presently 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.