Chubb Limited (NYSE:CB) Shares Acquired by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. lifted its position in Chubb Limited (NYSE:CB) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,340 shares of the financial services provider’s stock after purchasing an additional 126 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Chubb were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its stake in shares of Chubb by 56.5% in 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 last quarter. Kozak & Associates Inc. acquired a new stake in shares of Chubb during the third quarter worth $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb during the third quarter worth $29,000. Raelipskie Partnership purchased a new position in Chubb in the 3rd quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CB. Evercore ISI lifted their target price on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods upped their price objective on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $288.17.

Chubb Price Performance

NYSE:CB opened at $266.71 on Friday. The firm has a market cap of $107.51 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average is $276.24 and its two-hundred day moving average is $278.65.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.95 earnings per share. Research analysts expect that Chubb Limited will post 21.95 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. Chubb’s payout ratio is 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.