Chubb Limited (NYSE:CB) Shares Bought by Drive Wealth Management LLC

Drive Wealth Management LLC raised its position in Chubb Limited (NYSE:CB) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,317 shares of the financial services provider’s stock after purchasing an additional 79 shares during the quarter. Drive Wealth Management LLC’s holdings in Chubb were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CB. Continuum Advisory LLC raised 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 in the last quarter. Kozak & Associates Inc. bought a new stake in Chubb during the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the third quarter worth approximately $29,000. Raelipskie Partnership bought a new stake in Chubb during the third quarter worth approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CB shares. Evercore ISI boosted their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America upped their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, JMP Securities upped their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $288.17.

Chubb Trading Up 3.7 %

Chubb stock opened at $276.48 on Tuesday. The company’s fifty day simple moving average is $276.24 and its 200-day simple moving average is $278.99. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The stock has a market cap of $111.45 billion, a P/E ratio of 11.32, a P/E/G ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings data 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 analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.95 earnings per share. As a group, sell-side analysts forecast that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors 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 1.32%. The ex-dividend date was Friday, December 13th. Chubb’s dividend 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.