Mitchell & Pahl Private Wealth LLC Purchases 432 Shares of Chubb Limited (NYSE:CB)

Mitchell & Pahl Private Wealth LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 6.4% during the 4th quarter, HoldingsChannel reports. The firm owned 7,208 shares of the financial services provider’s stock after buying an additional 432 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Chubb were worth $1,992,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. ZWJ Investment Counsel Inc. raised its holdings in shares of Chubb by 2.1% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 180,784 shares of the financial services provider’s stock valued at $49,951,000 after purchasing an additional 3,701 shares in the last quarter. New Hampshire Trust increased its holdings in Chubb by 1.1% during the fourth quarter. New Hampshire Trust now owns 14,338 shares of the financial services provider’s stock valued at $3,962,000 after buying an additional 149 shares during the period. Sky Investment Group LLC raised its stake in Chubb by 4.2% in the fourth quarter. Sky Investment Group LLC now owns 2,356 shares of the financial services provider’s stock worth $651,000 after buying an additional 95 shares in the last quarter. Amplius Wealth Advisors LLC lifted its holdings in Chubb by 9.4% during the fourth quarter. Amplius Wealth Advisors LLC now owns 65,669 shares of the financial services provider’s stock worth $18,144,000 after buying an additional 5,640 shares during the period. Finally, Harbor Investment Advisory LLC boosted its position in Chubb by 13.5% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,702 shares of the financial services provider’s stock valued at $747,000 after acquiring an additional 321 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Down 1.5 %

Shares of CB stock opened at $269.38 on Tuesday. Chubb Limited has a fifty-two week low of $226.74 and a fifty-two week high of $302.05. The firm has a market capitalization of $108.59 billion, a PE ratio of 11.03, a P/E/G ratio of 5.65 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. The stock’s 50-day simple moving average is $277.89 and its 200-day simple moving average is $278.49.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company 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 company earned $4.95 EPS. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Chubb Limited will post 21.93 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors 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 1.35%. Chubb’s dividend payout ratio is presently 14.91%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CB shares. Morgan Stanley boosted their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Piper Sandler increased 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 lowered their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, JMP Securities raised their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.