SRS Capital Advisors Inc. Boosts Stake in Chubb Limited (NYSE:CB)

SRS Capital Advisors Inc. raised its stake in shares of Chubb Limited (NYSE:CB) by 4.4% during the 4th quarter, Holdings Channel reports. The fund owned 2,348 shares of the financial services provider’s stock after purchasing an additional 99 shares during the period. SRS Capital Advisors Inc.’s holdings in Chubb were worth $649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asahi Life Asset Management CO. LTD. bought a new stake in Chubb during the fourth quarter valued at about $528,000. Norden Group LLC purchased a new stake in shares of Chubb during the fourth quarter valued at about $220,000. Smartleaf Asset Management LLC boosted its holdings in shares of Chubb by 13.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,770 shares of the financial services provider’s stock valued at $1,589,000 after buying an additional 669 shares in the last quarter. Bridges Investment Management Inc. grew its position in shares of Chubb by 9.3% in the 4th quarter. Bridges Investment Management Inc. now owns 5,353 shares of the financial services provider’s stock worth $1,479,000 after buying an additional 454 shares during the last quarter. Finally, Maia Wealth LLC raised its stake in shares of Chubb by 8.3% during the 4th quarter. Maia Wealth LLC now owns 771 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 59 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CB shares. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company lowered their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $295.73.

Chubb Stock Performance

CB opened at $285.34 on Monday. 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 Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm has a 50 day moving average of $271.02 and a two-hundred day moving average of $279.87. The firm has a market capitalization of $115.02 billion, a PE ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.67.

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

Chubb Announces Dividend

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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Chubb Company 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.