Modera Wealth Management LLC Grows Position in Chubb Limited (NYSE:CB)

Modera Wealth Management LLC raised its holdings in Chubb Limited (NYSE:CB) by 17.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,123 shares of the financial services provider’s stock after acquiring an additional 308 shares during the quarter. Modera Wealth Management LLC’s holdings in Chubb were worth $587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC raised its holdings 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 acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership bought a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Sierra Ocean LLC bought a new position in shares of Chubb during the 4th quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Wells Fargo & Company reduced their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods increased their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. 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. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and an average price target of $295.73.

Chubb Trading Down 2.0 %

NYSE CB opened at $284.02 on Wednesday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. 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 50 day simple moving average of $271.45 and a two-hundred day simple moving average of $280.06. The stock has a market cap of $114.49 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

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

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 dividend yield of 1.28%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is presently 16.02%.

Chubb Profile

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.