Beacon Investment Advisory Services Inc. Invests $718,000 in Chubb Limited (NYSE:CB)

Beacon Investment Advisory Services Inc. bought a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,599 shares of the financial services provider’s stock, valued at approximately $718,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. Mutual Advisors LLC grew its stake in shares of Chubb by 25.5% in the fourth quarter. Mutual Advisors LLC now owns 2,071 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 421 shares during the last quarter. Echo45 Advisors LLC boosted its holdings in Chubb by 5.8% in the 4th quarter. Echo45 Advisors LLC now owns 964 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 53 shares during the period. Janney Montgomery Scott LLC grew its position in Chubb by 5.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 257,400 shares of the financial services provider’s stock worth $71,120,000 after purchasing an additional 14,435 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its position in Chubb by 1.9% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 235,495 shares of the financial services provider’s stock worth $65,256,000 after purchasing an additional 4,414 shares during the last quarter. Finally, Phillips Wealth Planners LLC increased its holdings in shares of Chubb by 4.2% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,440 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.8 %

CB stock opened at $266.21 on Friday. 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 stock has a market capitalization of $107.31 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 7.24 and a beta of 0.67. The business has a fifty day moving average price of $277.08 and a 200 day moving average price of $278.64. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the company posted $4.95 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts expect that Chubb Limited will post 22 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.37%. Chubb’s payout ratio is 14.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CB shares. Morgan Stanley lifted their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. JMP Securities upped their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their price target on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Piper Sandler increased their price objective 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 research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $288.17.

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.