Norden Group LLC Makes New Investment in Chubb Limited (NYSE:CB)

Norden Group LLC acquired a new stake in Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 796 shares of the financial services provider’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC raised 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 in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb during the 3rd quarter worth about $29,000. Raelipskie Partnership bought a new stake in shares of Chubb during the third quarter valued at approximately $29,000. Sierra Ocean LLC bought a new position in Chubb in the 4th quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb in the third quarter valued at about $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Down 2.0 %

CB stock opened at $284.02 on Wednesday. The company has a market cap of $114.49 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The business has a 50 day moving average price of $271.45 and a two-hundred day moving average price of $280.06. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s payout ratio is 16.02%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CB. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Barclays decreased their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently 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.