New York Life Investment Management LLC Purchases 291 Shares of Chubb Limited (NYSE:CB)

New York Life Investment Management LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,281 shares of the financial services provider’s stock after purchasing an additional 291 shares during the quarter. New York Life Investment Management LLC’s holdings in Chubb were worth $13,893,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its stake in shares of Chubb by 56.5% during the 3rd 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 during the period. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership bought a new stake in shares of Chubb during the third quarter valued at about $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb in the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb in the third quarter valued at approximately $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock opened at $281.99 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a fifty day moving average of $270.77 and a 200-day moving average of $279.61. The stock has a market capitalization of $113.67 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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 research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.29%. Chubb’s payout ratio is 16.02%.

Analysts Set New Price Targets

CB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Barclays decreased 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. Finally, Wells Fargo & Company dropped their price target 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $295.73.

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.