Calamos Wealth Management LLC Purchases 115 Shares of Chubb Limited (NYSE:CB)

Calamos Wealth Management LLC raised its holdings in Chubb Limited (NYSE:CBFree Report) by 0.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 39,871 shares of the financial services provider’s stock after purchasing an additional 115 shares during the period. Calamos Wealth Management LLC’s holdings in Chubb were worth $11,016,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CB. FMR LLC lifted 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. Barclays PLC lifted its position in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased 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 buying an additional 389,343 shares in the last quarter. International Assets Investment Management LLC grew its holdings 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 worth $2,696,640,000 after acquiring an additional 931,841 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Chubb by 0.8% in the third 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 institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the topic of a number of research reports. Morgan Stanley upped their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note 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, Keefe, Bruyette & Woods lifted their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average target price of $290.12.

View Our Latest Stock Report on Chubb

Chubb Price Performance

CB stock opened at $274.31 on Tuesday. The stock has a 50-day moving average price of $275.16 and a two-hundred day moving average price of $279.45. The company has a market cap of $110.57 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. 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 (NYSE:CBGet Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 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 predict that Chubb Limited will post 21.91 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 16.02%.

Chubb Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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