Exencial Wealth Advisors LLC Purchases 100 Shares of Chubb Limited (NYSE:CB)

Exencial Wealth Advisors LLC increased its position in shares of Chubb Limited (NYSE:CB) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,890 shares of the financial services provider’s stock after acquiring an additional 100 shares during the period. Exencial Wealth Advisors LLC’s holdings in Chubb were worth $2,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its position in Chubb by 7.3% during the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Chubb by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider’s stock valued at $617,573,000 after buying an additional 46,068 shares in the last quarter. Barclays PLC lifted its holdings in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after acquiring an additional 388,746 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Chubb by 49.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after acquiring an additional 389,343 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Chubb by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider’s stock valued at $266,940,000 after purchasing an additional 7,462 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CB has been the subject of a number of research reports. Barclays cut their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company decreased 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 report on Tuesday, January 14th. Two equities 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. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $295.73.

Chubb Price Performance

CB opened at $284.02 on Wednesday. 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 stock has a market capitalization of $114.49 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The stock’s 50 day moving average price is $271.45 and its 200-day moving average price is $280.06. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is currently 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.