Sanctuary Advisors LLC Grows Position in Chubb Limited (NYSE:CB)

Sanctuary Advisors LLC increased its position in shares of Chubb Limited (NYSE:CB) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,485 shares of the financial services provider’s stock after purchasing an additional 7,464 shares during the period. Sanctuary Advisors LLC’s holdings in Chubb were worth $24,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CB. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chubb in the 3rd quarter worth $29,000. Raelipskie Partnership bought a new position in Chubb in the third quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in Chubb in the fourth quarter valued at about $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb during the third quarter worth $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Trading Down 1.2 %

Shares of Chubb stock opened at $264.49 on Tuesday. The firm has a market cap of $106.62 billion, a PE ratio of 11.64, a P/E/G ratio of 3.41 and a beta of 0.67. The business’s fifty day moving average is $271.54 and its two-hundred day moving average is $279.63. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 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 anticipate that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.38%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Analyst Ratings Changes

CB has been the subject of a number of analyst reports. Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. 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. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Two equities 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. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $295.73.

Chubb 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.