Wilmington Savings Fund Society FSB Makes New Investment in Chubb Limited (NYSE:CB)

Wilmington Savings Fund Society FSB acquired a new position in shares of Chubb Limited (NYSE:CB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,660 shares of the financial services provider’s stock, valued at approximately $4,805,000.

A number of other hedge funds have also bought and sold shares of CB. Beacon Capital Management LLC lifted its stake in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Chubb in the second quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb during the 2nd quarter valued at approximately $28,000. Continuum Advisory LLC raised its holdings in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. Finally, Kozak & Associates Inc. acquired a new stake in shares of Chubb during the third quarter worth $29,000. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CB shares. 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 report on Friday, October 4th. Wells Fargo & Company lifted their target price on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. JMP Securities increased their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Bank of America boosted their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Price Performance

CB opened at $275.28 on Friday. The firm has a market cap of $110.96 billion, a P/E ratio of 11.27, a PEG ratio of 6.59 and a beta of 0.67. 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 fifty-two week low of $216.90 and a fifty-two week high of $302.05. The firm has a 50-day moving average of $285.74 and a 200 day moving average of $276.64.

Chubb (NYSE:CB) last posted its quarterly earnings data 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. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the business earned $4.95 earnings per share. Chubb’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts expect that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.32%. Chubb’s dividend payout ratio is currently 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.