Summit Trail Advisors LLC Boosts Stake in Chubb Limited (NYSE:CB)

Summit Trail Advisors LLC increased its position in Chubb Limited (NYSE:CB) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,625 shares of the financial services provider’s stock after purchasing an additional 299 shares during the period. Summit Trail Advisors LLC’s holdings in Chubb were worth $1,837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares during the last quarter. Barclays PLC raised its stake in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after acquiring an additional 388,746 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Chubb by 49.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after acquiring an additional 389,343 shares during the last quarter. International Assets Investment Management LLC raised its stake in Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after acquiring an additional 931,841 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Chubb by 0.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider’s stock valued at $266,940,000 after acquiring an additional 7,462 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on CB shares. Wells Fargo & Company reduced their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Evercore ISI boosted their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JMP Securities reiterated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods boosted their target price on 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb Price Performance

Shares of NYSE:CB opened at $266.32 on Tuesday. The business’s fifty day moving average price is $273.52 and its two-hundred day moving average price is $279.80. The stock has a market cap of $107.36 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 3.41 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 0.25. Chubb Limited has a one year low of $238.85 and a one year high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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%. On average, analysts forecast that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is presently 16.02%.

Chubb Company 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.