Asahi Life Asset Management CO. LTD. bought a new position in Chubb Ltd (NYSE:CB) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,630 shares of the financial services provider’s stock, valued at approximately $649,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Claybrook Capital LLC bought a new stake in shares of Chubb during the fourth quarter worth $25,000. Gradient Investments LLC increased its position in shares of Chubb by 260.0% during the fourth quarter. Gradient Investments LLC now owns 216 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 156 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its position in shares of Chubb by 114.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 117 shares in the last quarter. Executive Wealth Management LLC bought a new stake in shares of Chubb during the fourth quarter worth $29,000. Finally, Sageworth Trust Co bought a new stake in shares of Chubb during the first quarter worth $29,000. Institutional investors own 88.96% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a research report on Tuesday. Sandler O’Neill downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Raymond James lowered their price objective on shares of Chubb from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 11th. Wells Fargo & Co set a $160.00 price objective on shares of Chubb and gave the stock a “buy” rating in a research report on Friday, January 18th. Finally, Morgan Stanley downgraded shares of Chubb from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $151.00.
Chubb stock opened at $143.67 on Thursday. The firm has a market capitalization of $65.64 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82. Chubb Ltd has a 1-year low of $119.54 and a 1-year high of $145.76. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23.
Chubb (NYSE:CB) last released its earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. The business had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.55 billion. Chubb had a net margin of 11.55% and a return on equity of 8.76%. During the same quarter last year, the firm earned $2.34 earnings per share. On average, research analysts anticipate that Chubb Ltd will post 10.53 earnings per share for the current year.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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