Chubb Limited (NYSE:CB) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,072 shares of the financial services provider’s stock after acquiring an additional 689 shares during the period. Metis Global Partners LLC’s holdings in Chubb were worth $4,993,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Continuum Advisory LLC lifted its position in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the third quarter worth about $29,000. Raelipskie Partnership purchased a new position in Chubb during the third quarter worth about $29,000. Sierra Ocean LLC purchased a new position in Chubb during the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the third quarter worth about $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays cut their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and an average price target of $295.73.

Chubb Stock Performance

Shares of NYSE:CB opened at $285.34 on Friday. The stock has a market capitalization of $115.02 billion, a P/E ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a 1-year low of $238.85 and a 1-year 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. The business has a 50-day moving average price of $271.02 and a two-hundred day moving average price of $279.73.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is presently 16.02%.

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.