Roxbury Financial LLC Takes Position in Chubb Limited (NYSE:CB)

Roxbury Financial LLC purchased a new stake in Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,713 shares of the financial services provider’s stock, valued at approximately $1,938,000. Chubb accounts for approximately 1.9% of Roxbury Financial LLC’s holdings, making the stock its 15th largest position.

Several other hedge funds have also made changes to their positions in CB. Exchange Traded Concepts LLC boosted its position in shares of Chubb by 15.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,143 shares of the financial services provider’s stock worth $906,000 after purchasing an additional 411 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Chubb during the 3rd quarter worth approximately $227,000. Vontobel Holding Ltd. boosted its position in shares of Chubb by 2.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 20,360 shares of the financial services provider’s stock worth $5,872,000 after purchasing an additional 534 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Chubb by 42.8% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,004 shares of the financial services provider’s stock worth $1,155,000 after purchasing an additional 1,200 shares during the period. Finally, Good Life Advisors LLC boosted its position in Chubb by 120.5% in the 3rd quarter. Good Life Advisors LLC now owns 4,124 shares of the financial services provider’s stock valued at $1,190,000 after buying an additional 2,254 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of several recent research reports. Evercore ISI raised their price target 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. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Finally, Barclays reduced their price objective on shares of 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 issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus price target of $295.73.

Chubb Trading Down 1.2 %

Shares of Chubb stock opened at $264.49 on Friday. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. 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 company has a market capitalization of $106.62 billion, a P/E ratio of 11.64, a PEG ratio of 3.41 and a beta of 0.67. The company’s fifty day moving average is $271.91 and its two-hundred day moving average is $279.64.

Chubb (NYSE:CB) last issued its quarterly earnings data 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%. Analysts forecast that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is currently 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.