Patrick M Sweeney & Associates Inc. Buys 100 Shares of Chubb Limited (NYSE:CB)

Patrick M Sweeney & Associates Inc. lifted its stake in Chubb Limited (NYSE:CB) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,099 shares of the financial services provider’s stock after acquiring an additional 100 shares during the period. Patrick M Sweeney & Associates Inc.’s holdings in Chubb were worth $580,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC bought a new stake in shares of Chubb in the 2nd quarter valued at about $459,000. Ascent Group LLC lifted its position in Chubb by 12.4% during the second quarter. Ascent Group LLC now owns 6,946 shares of the financial services provider’s stock valued at $1,772,000 after acquiring an additional 764 shares during the last quarter. Creative Planning lifted its position in Chubb by 9.2% during the second quarter. Creative Planning now owns 141,320 shares of the financial services provider’s stock valued at $36,048,000 after acquiring an additional 11,891 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Chubb by 1.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 25,696 shares of the financial services provider’s stock valued at $6,555,000 after acquiring an additional 486 shares during the last quarter. Finally, Invst LLC purchased a new stake in Chubb during the second quarter valued at approximately $220,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of a number of analyst reports. Evercore ISI increased their target price on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JMP Securities upped their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler upped their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $288.17.

Chubb Stock Up 3.7 %

NYSE:CB opened at $276.48 on Tuesday. The firm has a market capitalization of $111.45 billion, a P/E ratio of 11.32, a PEG ratio of 7.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company’s fifty day moving average price is $276.24 and its 200-day moving average price is $278.99. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. The company 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 was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $4.95 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 21.95 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.32%. Chubb’s dividend payout ratio is presently 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.