Chubb Limited (NYSE:CB) Shares Bought by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 48.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,128 shares of the financial services provider’s stock after acquiring an additional 695 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Chubb were worth $588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its position in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares during the last quarter. Barclays PLC increased its stake in shares of Chubb by 28.1% in 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 during the period. Caisse DE Depot ET Placement DU Quebec raised 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 valued at $338,070,000 after buying an additional 389,343 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Chubb by 28,885.3% during the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock worth $2,696,640,000 after buying an additional 931,841 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Chubb by 0.8% in the 3rd 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 period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on CB shares. Evercore ISI raised their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Jefferies Financial Group upped their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. 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.com, Chubb has a consensus rating of “Hold” and a consensus price target of $295.73.

Chubb Stock Up 0.2 %

Shares of Chubb stock opened at $272.73 on Thursday. The firm has a market cap of $109.94 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 3.35 and a beta of 0.67. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The stock has a 50-day simple moving average of $274.59 and a 200-day simple moving average of $279.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released 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 net margin of 16.63% and a return on equity of 13.75%. On average, equities research analysts expect that Chubb Limited will post 21.91 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

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.