Strategic Financial Concepts LLC Acquires Shares of 10,873 Chubb Limited (NYSE:CB)

Strategic Financial Concepts LLC acquired a new stake in Chubb Limited (NYSE:CB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,873 shares of the financial services provider’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CB. Private Advisor Group LLC lifted its position in shares of Chubb by 28.7% during the third quarter. Private Advisor Group LLC now owns 16,547 shares of the financial services provider’s stock worth $4,772,000 after purchasing an additional 3,694 shares during the last quarter. McAdam LLC bought a new position in shares of Chubb during the third quarter worth about $350,000. Global Trust Asset Management LLC lifted its position in shares of Chubb by 193.5% during the third quarter. Global Trust Asset Management LLC now owns 948 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 625 shares during the last quarter. apricus wealth LLC lifted its position in shares of Chubb by 1.6% during the third quarter. apricus wealth LLC now owns 10,404 shares of the financial services provider’s stock worth $3,000,000 after purchasing an additional 165 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its position in shares of Chubb by 0.5% during the third quarter. Investment Research & Advisory Group Inc. now owns 13,599 shares of the financial services provider’s stock worth $3,922,000 after purchasing an additional 67 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE:CB opened at $267.19 on Friday. The firm’s 50 day moving average is $270.59 and its two-hundred day moving average is $279.36. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The firm has a market capitalization of $107.70 billion, a P/E ratio of 11.76, a PEG ratio of 3.35 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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%. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

CB has been the topic of several research analyst reports. Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley raised their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $295.73.

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.