Charles Schwab Investment Management Inc. increased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,235,155 shares of the financial services provider's stock after buying an additional 46,068 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.55% of Chubb worth $617,573,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its position in shares of Chubb by 4.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 129,290 shares of the financial services provider's stock valued at $35,723,000 after acquiring an additional 6,076 shares during the period. Gryphon Financial Partners LLC raised its stake in Chubb by 6.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,879 shares of the financial services provider's stock worth $1,072,000 after purchasing an additional 237 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. boosted its holdings in Chubb by 1.0% in the 4th quarter. Woodley Farra Manion Portfolio Management Inc. now owns 137,831 shares of the financial services provider's stock valued at $38,204,000 after purchasing an additional 1,421 shares during the period. LGT Fund Management Co Ltd. grew its position in shares of Chubb by 6.7% during the 4th quarter. LGT Fund Management Co Ltd. now owns 37,095 shares of the financial services provider's stock worth $10,249,000 after purchasing an additional 2,335 shares in the last quarter. Finally, LGT Group Foundation grew its position in shares of Chubb by 6.7% during the 4th quarter. LGT Group Foundation now owns 224,482 shares of the financial services provider's stock worth $62,024,000 after purchasing an additional 14,016 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.
Shares of CB stock opened at $284.02 on Wednesday. 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 firm has a market capitalization of $114.49 billion, a P/E ratio of 12.50, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The stock's fifty day simple moving average is $271.45 and its 200 day simple moving average is $280.06.
Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb's dividend payout ratio (DPR) is presently 16.02%.
CB has been the subject of several recent research reports. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. 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. JPMorgan Chase & Co. raised their price target on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Wells Fargo & Company cut their price objective on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $295.73.
View Our Latest Research Report on 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.
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