First Citizens Bank & Trust Co. Increases Holdings in Chubb Limited (NYSE:CB)

First Citizens Bank & Trust Co. grew its holdings in shares of Chubb Limited (NYSE:CB) by 6.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,527 shares of the financial services provider’s stock after purchasing an additional 271 shares during the period. First Citizens Bank & Trust Co.’s holdings in Chubb were worth $1,251,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CB. Susquehanna Fundamental Investments LLC purchased a new stake in Chubb during the 2nd quarter worth about $459,000. Murchinson Ltd. purchased a new stake in shares of Chubb in the 2nd quarter valued at about $797,000. Ascent Group LLC lifted its holdings in shares of Chubb by 12.4% in the 2nd quarter. Ascent Group LLC now owns 6,946 shares of the financial services provider’s stock valued at $1,772,000 after purchasing an additional 764 shares during the last quarter. Creative Planning lifted its holdings in shares of Chubb by 9.2% in the 2nd quarter. Creative Planning now owns 141,320 shares of the financial services provider’s stock valued at $36,048,000 after purchasing an additional 11,891 shares during the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new stake in shares of Chubb in the 2nd quarter valued at about $13,182,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CB has been the subject of several research reports. Jefferies Financial Group boosted their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. JMP Securities boosted their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their target price on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $288.17.

Chubb Stock Performance

NYSE CB opened at $266.71 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $276.24 and its two-hundred day moving average is $278.83. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The stock has a market capitalization of $107.51 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.95 EPS. Research analysts expect that Chubb Limited will post 21.95 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

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.