Investment Partners Asset Management Inc. Has $282,000 Stake in Chubb Limited (NYSE:CB)

Investment Partners Asset Management Inc. grew its position in Chubb Limited (NYSE:CB) by 25.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,021 shares of the financial services provider’s stock after buying an additional 210 shares during the period. Investment Partners Asset Management Inc.’s holdings in Chubb were worth $282,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CB. Continuum Advisory LLC boosted its position in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new position in shares of Chubb in the 3rd quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the third quarter worth approximately $29,000. Raelipskie Partnership bought a new stake in Chubb in the third quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the third quarter valued at approximately $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Down 1.1 %

Shares of CB stock opened at $265.07 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $106.85 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 3.41 and a beta of 0.67. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a 50-day simple moving average of $272.29 and a two-hundred day simple moving average of $279.72.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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 anticipate that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced 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. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is presently 16.02%.

Analyst Upgrades and Downgrades

CB has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus target price 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.