AMP Capital Investors Ltd acquired a new position in Chubb Ltd (NYSE:CB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 150,925 shares of the financial services provider’s stock, valued at approximately $22,055,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Financial Gravity Companies Inc. acquired a new stake in shares of Chubb during the 4th quarter valued at $103,000. Welch Group LLC acquired a new stake in shares of Chubb during the 4th quarter valued at $110,000. Focused Wealth Management Inc acquired a new stake in shares of Chubb during the 4th quarter valued at $117,000. Horan Capital Advisors LLC. acquired a new stake in shares of Chubb during the 3rd quarter valued at $133,000. Finally, Covenant Multifamily Offices LLC acquired a new stake in shares of Chubb during the 4th quarter valued at $135,000. 88.31% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. Bank of America lifted their target price on shares of Chubb from $168.00 to $171.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reissued a “buy” rating and set a $170.00 target price on shares of Chubb in a research note on Wednesday, January 31st. Wells Fargo & Co reissued a “buy” rating and set a $169.00 target price on shares of Chubb in a research note on Tuesday, January 30th. Goldman Sachs Group assumed coverage on shares of Chubb in a research note on Monday, December 4th. They set a “buy” rating and a $167.00 target price for the company. Finally, Credit Suisse Group reissued a “neutral” rating and set a $156.00 target price on shares of Chubb in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $165.25.
Chubb Ltd (NYSE CB) opened at $144.00 on Friday. The firm has a market cap of $65,859.20, a price-to-earnings ratio of 17.56, a PEG ratio of 1.32 and a beta of 1.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.30 and a current ratio of 0.30. Chubb Ltd has a twelve month low of $133.82 and a twelve month high of $157.50.
Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.86. The business had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.64 billion. Chubb had a net margin of 11.87% and a return on equity of 7.52%. Chubb’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.72 EPS. sell-side analysts forecast that Chubb Ltd will post 10.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.71 per share. The ex-dividend date is Wednesday, March 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.97%. Chubb’s dividend payout ratio is currently 34.63%.
Chubb declared that its Board of Directors has approved a stock repurchase program on Thursday, December 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
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Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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