Sunflower Bank N.A. Boosts Holdings in Chubb Limited (NYSE:CB)

Sunflower Bank N.A. boosted its stake in Chubb Limited (NYSE:CB) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 867 shares of the financial services provider’s stock after buying an additional 43 shares during the quarter. Sunflower Bank N.A.’s holdings in Chubb were worth $240,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CB. Continuum Advisory LLC raised its holdings in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. purchased a new stake in shares of Chubb in the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb in the third quarter valued at approximately $29,000. Raelipskie Partnership purchased a new position in Chubb during the third quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb during the third quarter worth $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Bank of America boosted their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company raised their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Jefferies Financial Group upped their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays cut their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $288.39.

Chubb Stock Up 1.6 %

Shares of CB traded up $4.03 during mid-day trading on Monday, reaching $261.74. The company’s stock had a trading volume of 3,101,413 shares, compared to its average volume of 2,341,403. The company’s 50 day moving average is $278.98 and its 200 day moving average is $278.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $105.51 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. Chubb Limited has a 12-month low of $226.06 and a 12-month 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 the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the prior year, the business posted $4.95 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts anticipate that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 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.