Chubb Limited (NYSE:CB) Shares Bought by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,440 shares of the financial services provider’s stock after buying an additional 58 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Chubb were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew 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. Kozak & Associates Inc. acquired a new position in Chubb during the third quarter worth about $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb during the third quarter worth about $29,000. Raelipskie Partnership acquired a new position in Chubb during the third quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb during the third quarter worth about $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group increased their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI increased their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Performance

NYSE:CB opened at $268.21 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $108.11 billion, a P/E ratio of 10.98, a P/E/G ratio of 7.29 and a beta of 0.67. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm’s 50 day moving average is $277.39 and its two-hundred day moving average is $278.72.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.95 earnings per share. Analysts expect that Chubb Limited will post 22 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is currently 14.91%.

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.