Chubb Limited $CB Shares Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lifted its holdings in Chubb Limited (NYSE:CB) by 22.4% in the second quarter, Holdings Channel reports. The firm owned 4,272 shares of the financial services provider’s stock after buying an additional 783 shares during the period. First Citizens Bank & Trust Co.’s holdings in Chubb were worth $1,238,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. GQG Partners LLC boosted its position in shares of Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Chubb by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock worth $840,756,000 after purchasing an additional 30,334 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Chubb in the 1st quarter worth $562,221,000. Finally, AQR Capital Management LLC boosted its position in shares of Chubb by 19.6% in the 1st quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock worth $423,826,000 after purchasing an additional 231,404 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CB. JPMorgan Chase & Co. raised their price objective on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Wells Fargo & Company raised their target price on Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group raised their target price on Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Bank of America raised their target price on Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $306.16.

Chubb Stock Performance

Shares of CB stock opened at $281.86 on Friday. The business has a fifty day moving average of $277.65 and a 200 day moving average of $280.86. The firm has a market capitalization of $112.38 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.34 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $5.72 EPS. As a group, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

Chubb Company 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.