1,117 Shares in Chubb Limited (NYSE:CB) Bought by Versor Investments LP

Versor Investments LP acquired a new stake in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,117 shares of the financial services provider’s stock, valued at approximately $309,000.

A number of other hedge funds have also recently bought and sold shares of the company. Ironwood Investment Counsel LLC grew its holdings in shares of Chubb by 2.1% in the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 35 shares in the last quarter. Continuum Advisory LLC boosted its position in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. First Financial Bank Trust Division boosted its position in Chubb by 3.7% in the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 37 shares during the last quarter. Rede Wealth LLC grew its stake in Chubb by 2.0% in the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 37 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Chubb by 1.1% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock valued at $1,069,000 after purchasing an additional 40 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of CB opened at $289.66 on Tuesday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The stock’s 50-day simple moving average is $271.30 and its 200 day simple moving average is $279.99. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a market capitalization of $116.76 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Analyst Ratings Changes

CB has been the subject of several research reports. Barclays reduced their price target on shares of 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 reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $295.73.

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.