Sumitomo Mitsui DS Asset Management Company Ltd Acquires 2,249 Shares of Chubb Limited (NYSE:CB)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Chubb Limited (NYSE:CB) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,407 shares of the financial services provider’s stock after purchasing an additional 2,249 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Chubb were worth $14,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CB. Strategic Financial Concepts LLC bought a new stake in shares of Chubb in the 4th quarter worth approximately $30,000. Oakworth Capital Inc. raised its stake in shares of Chubb by 16.6% in the fourth quarter. Oakworth Capital Inc. now owns 1,875 shares of the financial services provider’s stock valued at $518,000 after buying an additional 267 shares during the period. Silver Oak Securities Incorporated purchased a new position in shares of Chubb during the 4th quarter valued at $170,000. Financial Advocates Investment Management grew its stake in shares of Chubb by 2.0% during the 4th quarter. Financial Advocates Investment Management now owns 3,654 shares of the financial services provider’s stock worth $1,010,000 after acquiring an additional 71 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in Chubb by 2.8% in the 4th quarter. Bleakley Financial Group LLC now owns 9,069 shares of the financial services provider’s stock worth $2,506,000 after acquiring an additional 250 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley raised their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Evercore ISI boosted 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. JPMorgan Chase & Co. raised their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Trading Down 1.0 %

Shares of Chubb stock opened at $270.14 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The firm has a market cap of $108.89 billion, a PE ratio of 11.89, a PEG ratio of 3.35 and a beta of 0.67. The company has a 50 day simple moving average of $273.89 and a two-hundred day simple moving average of $279.49.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Analysts expect that Chubb Limited will post 21.91 earnings per share for the current fiscal 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 given a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

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.