Venturi Wealth Management LLC Acquires 490 Shares of Chubb Limited (NYSE:CB)

Venturi Wealth Management LLC boosted its holdings in Chubb Limited (NYSE:CB) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,427 shares of the financial services provider’s stock after acquiring an additional 490 shares during the quarter. Venturi Wealth Management LLC’s holdings in Chubb were worth $671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its position in Chubb by 56.5% in 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 in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the third quarter valued at about $29,000. Raelipskie Partnership acquired a new position in Chubb in the third quarter valued at about $29,000. Sierra Ocean LLC acquired a new position in Chubb in the fourth quarter valued at about $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the third quarter worth approximately $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Down 0.1 %

Shares of NYSE:CB opened at $266.37 on Thursday. Chubb Limited has a 52 week low of $238.85 and a 52 week 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 $107.37 billion, a PE ratio of 11.72, a PEG ratio of 3.32 and a beta of 0.67. The company has a 50 day moving average price of $270.92 and a two-hundred day moving average price of $279.45.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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 21.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CB. JPMorgan Chase & Co. upped their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reduced their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their target price 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $295.73.

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.