Drive Wealth Management LLC Acquires 79 Shares of Chubb Limited (NYSE:CB)

Drive Wealth Management LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 6.4% in the fourth quarter, Holdings Channel reports. The fund owned 1,317 shares of the financial services provider’s stock after acquiring an additional 79 shares during the period. Drive Wealth Management LLC’s holdings in Chubb were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ironwood Investment Counsel LLC lifted its position in Chubb by 2.1% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after acquiring an additional 35 shares during the last quarter. Continuum Advisory LLC lifted its position 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 acquiring an additional 35 shares during the last quarter. First Financial Bank Trust Division lifted its position in Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 37 shares during the last quarter. LVW Advisors LLC lifted its position in Chubb by 0.3% during the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after acquiring an additional 40 shares during the last quarter. Finally, Wealth Effects LLC lifted its position in Chubb by 3.0% during the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock opened at $276.48 on Tuesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $111.45 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 7.23 and a beta of 0.67. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The firm’s 50-day moving average price is $276.24 and its two-hundred day moving average price is $278.99.

Chubb (NYSE:CB) last issued its quarterly earnings data 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 firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the prior year, the firm earned $4.95 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Chubb Limited will post 21.95 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.32%. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. JMP Securities upped their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Piper Sandler upped their price objective 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. Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Bank of America upped their price objective 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $288.17.

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.