Chubb Limited (NYSE:CB) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its position in Chubb Limited (NYSE:CB) by 23.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,434 shares of the financial services provider’s stock after purchasing an additional 1,233 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Chubb were worth $1,778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CB. Continuum Advisory LLC lifted its stake in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new position in Chubb during the 3rd quarter worth approximately $29,000. Sierra Ocean LLC acquired a new position in Chubb during the 4th quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb during the 3rd quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on CB shares. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $295.73.

Chubb Trading Down 2.0 %

Shares of CB stock 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. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The stock has a fifty day moving average of $271.45 and a two-hundred day moving average of $280.06. The firm 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.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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%. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend 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%.

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.