MFA Wealth Services Makes New $461,000 Investment in Chubb Limited (NYSE:CB)

MFA Wealth Services purchased a new stake in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,669 shares of the financial services provider’s stock, valued at approximately $461,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AE Wealth Management LLC lifted its position in Chubb by 52.8% during the 2nd quarter. AE Wealth Management LLC now owns 3,467 shares of the financial services provider’s stock valued at $884,000 after purchasing an additional 1,198 shares during the period. Gabelli Funds LLC lifted its holdings in Chubb by 9.9% in the second quarter. Gabelli Funds LLC now owns 10,005 shares of the financial services provider’s stock valued at $2,552,000 after buying an additional 900 shares during the period. AQR Capital Management LLC lifted its holdings in Chubb by 30.9% in the second quarter. AQR Capital Management LLC now owns 1,162,039 shares of the financial services provider’s stock valued at $296,413,000 after buying an additional 274,588 shares during the period. APG Asset Management N.V. boosted its stake in Chubb by 50.1% in the second quarter. APG Asset Management N.V. now owns 280,286 shares of the financial services provider’s stock valued at $66,709,000 after acquiring an additional 93,600 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Chubb by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock worth $1,258,202,000 after acquiring an additional 63,891 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several recent research reports. JMP Securities raised 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. Keefe, Bruyette & Woods raised their target price on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Piper Sandler boosted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Finally, Bank of America increased their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $288.17.

Chubb Stock Down 0.8 %

NYSE:CB opened at $266.21 on Friday. The company has a market cap of $107.31 billion, a PE ratio of 10.90, a PEG ratio of 7.24 and a beta of 0.67. The stock has a 50-day simple moving average of $277.08 and a 200 day simple moving average of $278.64. 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 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping 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%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.95 earnings per share. On average, sell-side analysts expect that Chubb Limited will post 22 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid 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 dividend yield of 1.37%. Chubb’s dividend payout ratio is 14.91%.

About Chubb

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.