Chubb Limited (NYSE:CB) Holdings Raised by Tidal Investments LLC

Tidal Investments LLC boosted its stake in Chubb Limited (NYSE:CB) by 376.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,532 shares of the financial services provider’s stock after buying an additional 47,035 shares during the period. Tidal Investments LLC’s holdings in Chubb were worth $17,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beacon Capital Management LLC raised its stake in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new position in Chubb during the second quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in Chubb in the second quarter worth about $28,000. Continuum Advisory LLC lifted its holdings in 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 during the last quarter. Finally, Kozak & Associates Inc. bought a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of several recent research reports. Bank of America increased their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI upped their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and an average target price of $287.37.

Chubb Stock Up 0.3 %

Shares of Chubb stock traded up $0.90 on Thursday, hitting $277.12. 122,714 shares of the company traded hands, compared to its average volume of 1,594,917. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05. The company has a 50-day moving average price of $286.01 and a 200 day moving average price of $276.64. The company has a market cap of $111.71 billion, a PE ratio of 11.32, a PEG ratio of 6.59 and a beta of 0.67.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.95 EPS. Sell-side analysts predict that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

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.