GAMMA Investing LLC Purchases 702 Shares of Chubb Limited (NYSE:CB)

GAMMA Investing LLC increased its position in Chubb Limited (NYSE:CB) by 14.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,643 shares of the financial services provider’s stock after acquiring an additional 702 shares during the quarter. GAMMA Investing LLC’s holdings in Chubb were worth $1,559,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CB. Continuum Advisory LLC increased its stake in shares of 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. Kozak & Associates Inc. bought a new position in Chubb in the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership purchased a new position in Chubb in the 3rd quarter valued at approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the 3rd quarter valued at $30,000. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CB has been the subject of several recent research reports. Evercore ISI lifted their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price target on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company upped their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Finally, JMP Securities raised their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $287.47.

Chubb Stock Performance

Chubb stock opened at $271.73 on Friday. The firm has a fifty day simple moving average of $281.19 and a two-hundred day simple moving average of $277.76. Chubb Limited has a twelve month low of $222.85 and a twelve month high of $302.05. The company has a market capitalization of $109.53 billion, a PE ratio of 11.13, a P/E/G ratio of 6.43 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during 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%. Chubb’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.95 EPS. Research analysts expect that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Chubb 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.