GAMMA Investing LLC Acquires 702 Shares of Chubb Limited (NYSE:CB)

GAMMA Investing LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 14.2% in the fourth quarter, HoldingsChannel reports. The firm owned 5,643 shares of the financial services provider’s stock after buying an additional 702 shares during the quarter. GAMMA Investing LLC’s holdings in Chubb were worth $1,559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CB. Barclays PLC increased its position in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after buying an additional 388,746 shares during the period. Moloney Securities Asset Management LLC grew its holdings in shares of Chubb by 97.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after acquiring an additional 1,905 shares during the period. Private Advisor Group LLC raised its position in shares of Chubb by 21.2% in the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after acquiring an additional 2,250 shares in the last quarter. Savvy Advisors Inc. bought a new stake in shares of Chubb during the third quarter valued at approximately $721,000. Finally, U.S. Capital Wealth Advisors LLC grew its stake in Chubb by 14.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 16,636 shares of the financial services provider’s stock worth $4,798,000 after purchasing an additional 2,102 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Jefferies Financial Group raised their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. JMP Securities boosted their price objective on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday. Piper Sandler boosted their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Keefe, Bruyette & Woods raised their price objective on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average target price of $287.47.

Chubb Price Performance

Shares of CB opened at $271.73 on Friday. The firm has a fifty day simple moving average of $281.19 and a two-hundred day simple moving average of $277.76. The firm has a market cap of $109.53 billion, a PE ratio of 11.13, a P/E/G ratio of 6.43 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1-year low of $222.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.95 earnings per share. On average, equities analysts anticipate that Chubb Limited will post 21.82 EPS for the current year.

Chubb Dividend Announcement

The firm 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

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.