Calamos Wealth Management LLC Has $11.02 Million Stock Holdings in Chubb Limited (NYSE:CB)

Calamos Wealth Management LLC raised its holdings in Chubb Limited (NYSE:CB) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,871 shares of the financial services provider’s stock after purchasing an additional 115 shares during the period. Calamos Wealth Management LLC’s holdings in Chubb were worth $11,016,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Patron Partners LLC raised its stake in shares of Chubb by 11.1% in the fourth quarter. Patron Partners LLC now owns 1,596 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 159 shares during the last quarter. Financial Life Planners purchased a new position in Chubb in the 4th quarter valued at approximately $43,000. Financial Strategies Group Inc. boosted its position in shares of Chubb by 4.7% in the fourth quarter. Financial Strategies Group Inc. now owns 24,282 shares of the financial services provider’s stock valued at $6,258,000 after acquiring an additional 1,099 shares during the period. Resonant Capital Advisors LLC grew its position in Chubb by 3.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,676 shares of the financial services provider’s stock worth $465,000 after buying an additional 50 shares in the last quarter. Finally, Catalina Capital Group LLC raised its position in shares of Chubb by 3.0% during the 4th quarter. Catalina Capital Group LLC now owns 2,524 shares of the financial services provider’s stock valued at $697,000 after buying an additional 74 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Up 0.9 %

Shares of CB stock opened at $274.31 on Tuesday. The stock has a market capitalization of $110.57 billion, a P/E ratio of 12.07, a P/E/G ratio of 3.35 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $275.16 and its 200 day moving average is $279.45. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Research analysts expect that Chubb Limited will post 21.91 earnings per share for the current 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. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is presently 16.02%.

Analysts Set New Price Targets

CB has been the subject of several analyst reports. Barclays cut their price target 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. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Wells Fargo & Company lowered their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Finally, Evercore ISI increased their target price on Chubb from $289.00 to $293.00 and gave the stock an “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 and seven have given a buy rating to the company. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus price target of $290.12.

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.