Littlejohn Financial Services Inc. Invests $1.22 Million in Chubb Limited (NYSE:CB)

Littlejohn Financial Services Inc. acquired a new stake in Chubb Limited (NYSE:CB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,421 shares of the financial services provider’s stock, valued at approximately $1,222,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ironwood Investment Counsel LLC boosted its holdings in shares of Chubb by 2.1% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 35 shares during the last quarter. Continuum Advisory LLC lifted its position in Chubb by 56.5% during the third 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. First Financial Bank Trust Division boosted its stake in Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after buying an additional 37 shares during the last quarter. Rede Wealth LLC grew its holdings in Chubb by 2.0% in the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock valued at $525,000 after buying an additional 37 shares in the last quarter. Finally, Wealth Effects LLC grew its holdings in Chubb by 3.0% in the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

CB opened at $267.89 on Friday. The firm has a market cap of $107.98 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 3.41 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $272.29 and its 200 day moving average price is $279.72. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05.

Chubb (NYSE:CB) last issued 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%. As a group, sell-side analysts expect that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 dividend on an annualized basis and a yield of 1.36%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CB. Keefe, Bruyette & Woods lifted their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company cut their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Barclays decreased their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $295.73.

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.