Nomura Asset Management Co. Ltd. lifted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 259,194 shares of the financial services provider's stock after acquiring an additional 4,228 shares during the period. Nomura Asset Management Co. Ltd. owned 0.06% of Chubb worth $74,749,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock valued at $4,492,103,000 after buying an additional 1,052,999 shares during the last quarter. International Assets Investment Management LLC grew its stake in Chubb by 28,885.3% in the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider's stock worth $2,696,640,000 after acquiring an additional 931,841 shares during the period. Assenagon Asset Management S.A. raised its holdings in Chubb by 4,559.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider's stock valued at $243,641,000 after acquiring an additional 826,700 shares during the last quarter. Troy Asset Management Ltd purchased a new position in shares of Chubb during the 2nd quarter worth $106,975,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Chubb by 49.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock worth $338,070,000 after purchasing an additional 389,343 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.
Several research firms recently commented on CB. Jefferies Financial Group upped their target price on Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. 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 note on Friday, October 4th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley lifted their price target on shares of Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chubb presently has an average rating of "Hold" and a consensus price target of $287.37.
Read Our Latest Report on Chubb
Shares of NYSE CB opened at $283.32 on Monday. The stock has a market capitalization of $114.21 billion, a P/E ratio of 11.60, a PEG ratio of 6.62 and a beta of 0.67. The stock's 50 day moving average price is $286.88 and its two-hundred day moving average price is $276.48. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05.
Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts' consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.95 earnings per share. On average, analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.28%. Chubb's dividend payout ratio (DPR) is 14.91%.
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.
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