Maia Wealth LLC Raises Stock Holdings in Chubb Limited (NYSE:CB)

Maia Wealth LLC grew its stake in Chubb Limited (NYSE:CB) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 771 shares of the financial services provider’s stock after acquiring an additional 59 shares during the quarter. Maia Wealth LLC’s holdings in Chubb were worth $213,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after acquiring an additional 130,629 shares in the last quarter. Czech National Bank lifted its holdings in shares of Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after purchasing an additional 4,757 shares in the last quarter. Barclays PLC lifted its holdings in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares in the last quarter. Moloney Securities Asset Management LLC lifted its holdings in shares of Chubb by 97.9% during the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after purchasing an additional 1,905 shares in the last quarter. Finally, Savvy Advisors Inc. bought a new position in shares of Chubb during the third quarter valued at $721,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

NYSE:CB opened at $289.66 on Tuesday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The stock has a 50-day moving average price of $271.30 and a 200 day moving average price of $279.99. The stock has a market capitalization of $116.76 billion, a P/E ratio of 12.75, a P/E/G ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last released 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%. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CB. 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 report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. 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 report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Finally, JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $295.73.

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.