Chubb Limited (NYSE:CB) Shares Acquired by Northcape Wealth Management LLC

Northcape Wealth Management LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 7.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,648 shares of the financial services provider’s stock after acquiring an additional 917 shares during the period. Northcape Wealth Management LLC’s holdings in Chubb were worth $3,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Continuum Advisory LLC increased its holdings in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb in the third quarter valued at about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the third quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb during the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $266.39 on Wednesday. The stock has a market cap of $107.38 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $271.12 and a 200-day simple moving average of $279.55. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data 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%. On average, analysts expect that Chubb Limited will post 21.66 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.37%. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CB shares. Barclays lowered 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. Wells Fargo & Company lowered their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $295.73.

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.