Truist Financial Corp Raises Stock Position in Chubb Limited (NYSE:CB)

Truist Financial Corp grew its position in Chubb Limited (NYSE:CB) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,111 shares of the financial services provider’s stock after buying an additional 7,231 shares during the period. Truist Financial Corp’s holdings in Chubb were worth $52,804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its stake in shares of 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. International Assets Investment Management LLC increased its position in shares of Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock worth $2,696,640,000 after purchasing an additional 931,841 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Chubb by 4,559.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock valued at $243,641,000 after buying an additional 826,700 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Chubb by 49.7% in 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. Finally, Barclays PLC boosted its stake in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays reduced their price target 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. boosted their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Evercore ISI upped their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Finally, Wells Fargo & Company decreased their target price 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. Two equities research 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. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Price Performance

CB stock opened at $264.49 on Tuesday. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The firm has a market capitalization of $106.62 billion, a P/E ratio of 11.64, a P/E/G 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 business’s 50-day moving average is $271.54 and its two-hundred day moving average is $279.63.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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%. Analysts anticipate that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.38%. Chubb’s dividend payout ratio (DPR) 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.