Essex Financial Services Inc. Buys 592 Shares of Chubb Limited (NYSE:CB)

Essex Financial Services Inc. increased its stake in shares of Chubb Limited (NYSE:CB) by 12.8% during the fourth quarter, HoldingsChannel reports. The fund owned 5,224 shares of the financial services provider’s stock after buying an additional 592 shares during the period. Essex Financial Services Inc.’s holdings in Chubb were worth $1,443,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CB. Summit Trail Advisors LLC lifted its holdings in shares of Chubb by 4.7% in the fourth quarter. Summit Trail Advisors LLC now owns 6,625 shares of the financial services provider’s stock valued at $1,837,000 after purchasing an additional 299 shares in the last quarter. Arlington Trust Co LLC raised its position in Chubb by 36.9% in the 4th quarter. Arlington Trust Co LLC now owns 1,243 shares of the financial services provider’s stock valued at $343,000 after buying an additional 335 shares during the last quarter. Equitable Trust Co. raised its position in Chubb by 12.6% in the 4th quarter. Equitable Trust Co. now owns 1,124 shares of the financial services provider’s stock valued at $311,000 after buying an additional 126 shares during the last quarter. Soltis Investment Advisors LLC lifted its stake in Chubb by 7.5% in the 4th quarter. Soltis Investment Advisors LLC now owns 1,358 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 95 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in Chubb during the 4th quarter worth approximately $90,000. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on CB. Barclays lowered their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company lowered their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley increased their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Up 0.5 %

CB stock opened at $267.95 on Wednesday. The business’s 50 day simple moving average is $273.04 and its 200 day simple moving average is $279.84. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The firm has a market capitalization of $108.01 billion, a PE ratio of 11.79, a PEG ratio of 3.41 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts anticipate that Chubb Limited will post 21.66 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.36%. Chubb’s dividend payout ratio is currently 16.02%.

Chubb Company 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.