Homrich & Berg lifted its holdings in Chubb Ltd (NYSE:CB) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,533 shares of the financial services provider’s stock after purchasing an additional 421 shares during the period. Homrich & Berg’s holdings in Chubb were worth $1,539,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Welch Group LLC purchased a new position in shares of Chubb in the 4th quarter valued at about $110,000. Horan Capital Advisors LLC. purchased a new stake in Chubb during the 3rd quarter worth approximately $133,000. Covenant Multifamily Offices LLC purchased a new stake in Chubb during the 4th quarter worth approximately $135,000. Zions Bancorporation increased its stake in Chubb by 716.3% during the 3rd quarter. Zions Bancorporation now owns 1,151 shares of the financial services provider’s stock worth $164,000 after buying an additional 1,010 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new stake in Chubb during the 3rd quarter worth approximately $198,000. Hedge funds and other institutional investors own 86.10% of the company’s stock.
Several equities research analysts have commented on the company. Bank of America boosted their price objective on Chubb from $168.00 to $171.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $153.00 price objective on shares of Chubb in a research note on Sunday, October 29th. Zacks Investment Research upgraded Chubb from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. UBS Group boosted their price objective on Chubb from $160.00 to $169.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Citigroup boosted their price objective on Chubb from $167.00 to $173.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $163.92.
Chubb Ltd (CB) opened at $147.00 on Tuesday. The firm has a market capitalization of $68,240.00, a P/E ratio of 17.95, a PEG ratio of 1.37 and a beta of 0.95. Chubb Ltd has a twelve month low of $133.82 and a twelve month high of $157.50. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23.
Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.86. The business had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.64 billion. Chubb had a return on equity of 7.52% and a net margin of 11.87%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.72 EPS. research analysts predict that Chubb Ltd will post 10.76 earnings per share for the current year.
Chubb declared that its Board of Directors has authorized a stock buyback program on Thursday, December 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
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Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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