Mitchell & Pahl Private Wealth LLC Purchases 432 Shares of Chubb Limited (NYSE:CB)

Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,208 shares of the financial services provider’s stock after acquiring an additional 432 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Chubb were worth $1,992,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

CB has been the subject of several research analyst reports. Piper Sandler raised their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. 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. Keefe, Bruyette & Woods boosted their target price on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Evercore ISI raised their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Bank of America upped their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $288.17.

Chubb Stock Down 1.5 %

Shares of NYSE CB opened at $269.38 on Tuesday. Chubb Limited has a 1 year low of $226.74 and a 1 year high of $302.05. The firm has a 50-day simple moving average of $277.89 and a two-hundred day simple moving average of $278.49. The company has a market cap of $108.59 billion, a P/E ratio of 11.03, a PEG ratio of 5.65 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 (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. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $4.95 EPS. Research analysts anticipate that Chubb Limited will post 21.93 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is presently 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.