Franklin Resources Inc. Grows Position in Chubb Limited (NYSE:CB)

Franklin Resources Inc. lifted its stake in shares of Chubb Limited (NYSE:CB) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 321,985 shares of the financial services provider’s stock after buying an additional 39,428 shares during the quarter. Franklin Resources Inc. owned 0.08% of Chubb worth $92,960,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CB. Beacon Capital Management LLC grew its position in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Chubb during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb during the 2nd quarter valued at $28,000. Continuum Advisory LLC boosted its stake in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Finally, Kozak & Associates Inc. bought a new stake in shares of Chubb during the 3rd quarter worth $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE:CB opened at $276.09 on Monday. The firm has a market cap of $111.29 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The firm’s fifty day moving average is $285.45 and its 200-day moving average is $276.92. 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 52 week low of $216.90 and a 52 week high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 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 company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the previous year, the business earned $4.95 earnings per share. Chubb’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio is presently 14.91%.

Analyst Upgrades and Downgrades

CB has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised their target price on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Finally, JMP Securities lifted their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $287.37.

Chubb Company 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.