Bright Rock Capital Management LLC Grows Stock Position in Chubb Limited (NYSE:CB)

Bright Rock Capital Management LLC grew its position in Chubb Limited (NYSE:CB) by 28.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 45,000 shares of the financial services provider’s stock after buying an additional 10,000 shares during the period. Chubb makes up approximately 2.7% of Bright Rock Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Bright Rock Capital Management LLC’s holdings in Chubb were worth $12,434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CB. Wealth Enhancement Advisory Services LLC boosted its stake in Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock valued at $102,840,000 after acquiring an additional 130,629 shares during the period. Czech National Bank boosted its position in Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after purchasing an additional 4,757 shares during the period. Barclays PLC grew its stake in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares during the last quarter. Moloney Securities Asset Management LLC increased its position in Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after buying an additional 1,905 shares during the period. Finally, Savvy Advisors Inc. bought a new stake in Chubb in the third quarter valued at $721,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 1.4 %

Shares of Chubb stock opened at $265.54 on Wednesday. Chubb Limited has a 12-month low of $226.06 and a 12-month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $278.46 and a two-hundred day moving average price of $278.16. The stock has a market capitalization of $107.04 billion, a P/E ratio of 10.87, a PEG ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last posted 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%. Chubb’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $4.95 EPS. Equities analysts expect that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their target price 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. Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley upped their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus price target of $288.17.

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.