SPC Financial Inc. Increases Stock Position in Chubb Limited (NYSE:CB)

SPC Financial Inc. lifted its holdings in shares of Chubb Limited (NYSE:CB) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,908 shares of the financial services provider’s stock after acquiring an additional 44 shares during the quarter. SPC Financial Inc.’s holdings in Chubb were worth $4,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Continuum Advisory LLC grew its position in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership acquired a new position in Chubb in the 3rd quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new position in Chubb in the 4th quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the 3rd quarter worth $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

CB opened at $284.02 on Wednesday. The stock has a fifty day simple moving average of $271.45 and a two-hundred day simple moving average of $280.06. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $114.49 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price 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. Barclays decreased their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $295.73.

About Chubb

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.