Sound Financial Strategies Group LLC Increases Position in Chubb Limited (NYSE:CB)

Sound Financial Strategies Group LLC boosted its position in Chubb Limited (NYSE:CB) by 12.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,205 shares of the financial services provider’s stock after buying an additional 363 shares during the period. Chubb accounts for approximately 0.7% of Sound Financial Strategies Group LLC’s holdings, making the stock its 20th biggest holding. Sound Financial Strategies Group LLC’s holdings in Chubb were worth $886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC grew its holdings in shares of 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 purchasing an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chubb during the third quarter valued at approximately $29,000. Raelipskie Partnership acquired a new position in shares of Chubb during the third quarter worth approximately $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb during the fourth quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the third quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Barclays cut their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. 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. JPMorgan Chase & Co. increased their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company cut their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Chubb has an average rating of “Hold” and an average target price of $295.73.

Chubb Trading Down 2.0 %

Shares of NYSE:CB opened at $284.02 on Wednesday. The stock has a market capitalization of $114.49 billion, a PE ratio of 12.50, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The firm has a fifty day moving average price of $271.45 and a 200 day moving average price of $280.06. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings results 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%. Analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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