Investment Research & Advisory Group Inc. Has $3.73 Million Stock Position in Chubb Limited (NYSE:CB)

Investment Research & Advisory Group Inc. reduced its holdings in Chubb Limited (NYSE:CB) by 0.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,501 shares of the financial services provider’s stock after selling 98 shares during the quarter. Chubb makes up about 1.1% of Investment Research & Advisory Group Inc.’s portfolio, making the stock its 18th largest holding. Investment Research & Advisory Group Inc.’s holdings in Chubb were worth $3,730,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Continuum Advisory LLC boosted its holdings in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. Kozak & Associates Inc. bought a new position in Chubb in the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the third quarter worth $29,000. Raelipskie Partnership purchased a new position in Chubb in the 3rd quarter worth $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Piper Sandler boosted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods boosted their price target on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Bank of America lifted their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $288.17.

Chubb Trading Up 0.1 %

NYSE CB opened at $266.71 on Friday. The company has a market capitalization of $107.51 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The firm’s fifty day moving average price is $276.24 and its 200 day moving average price is $278.65.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the business posted $4.95 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Chubb Limited will post 21.95 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 paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio 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.