Checchi Capital Advisers LLC Raises Stock Holdings in Chubb Limited (NYSE:CB)

Checchi Capital Advisers LLC boosted its holdings in shares of Chubb Limited (NYSE:CB) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,747 shares of the financial services provider’s stock after purchasing an additional 95 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Chubb were worth $1,035,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Continuum Advisory LLC lifted its position in shares of 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 acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb in the third quarter valued at approximately $29,000. Raelipskie Partnership purchased a new position in shares of Chubb in the third quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new position in shares of Chubb in the fourth quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new position in shares of Chubb in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

CB stock opened at $273.47 on Thursday. The business has a fifty day moving average of $270.60 and a two-hundred day moving average of $279.59. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market cap of $110.24 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CB shares. Wells Fargo & Company decreased their target price on 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 price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. 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, the stock has a consensus rating of “Hold” and a consensus price target of $295.73.

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.