Chubb Limited (NYSE:CB) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in Chubb Limited (NYSE:CB) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,365 shares of the financial services provider’s stock after purchasing an additional 236 shares during the period. Ritholtz Wealth Management’s holdings in Chubb were worth $2,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Mirador Capital Partners LP purchased a new position in Chubb in the fourth quarter valued at about $1,219,000. RMR Wealth Builders increased its holdings in Chubb by 2.5% in the fourth quarter. RMR Wealth Builders now owns 4,483 shares of the financial services provider’s stock valued at $1,239,000 after buying an additional 110 shares in the last quarter. BluePath Capital Management LLC increased its stake in shares of Chubb by 19.8% during the 4th quarter. BluePath Capital Management LLC now owns 4,531 shares of the financial services provider’s stock worth $1,186,000 after purchasing an additional 748 shares in the last quarter. Burney Co. increased its stake in shares of Chubb by 8.1% during the 4th quarter. Burney Co. now owns 8,366 shares of the financial services provider’s stock worth $2,312,000 after purchasing an additional 625 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Chubb by 62.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,178 shares of the financial services provider’s stock worth $2,812,000 after purchasing an additional 3,917 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CB shares. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Bank of America boosted their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group boosted their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Piper Sandler upped their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $288.17.

Chubb Stock Performance

Shares of Chubb stock opened at $269.38 on Friday. The firm has a market cap of $108.59 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67. The firm’s 50-day simple moving average is $277.89 and its 200-day simple moving average is $278.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 1 year low of $226.74 and a 1 year high of $302.05.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.95 EPS. Equities analysts forecast that Chubb Limited will post 21.93 earnings per share for the current fiscal 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 paid a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.35%. Chubb’s dividend payout ratio (DPR) is 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.