Nepsis Inc. Cuts Stock Position in Chubb Limited (NYSE:CB)

Nepsis Inc. lessened its position in Chubb Limited (NYSE:CB) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,523 shares of the financial services provider’s stock after selling 15,602 shares during the quarter. Chubb makes up 2.3% of Nepsis Inc.’s investment portfolio, making the stock its 13th largest holding. Nepsis Inc.’s holdings in Chubb were worth $16,170,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Continuum Advisory LLC increased its holdings in Chubb by 56.5% during the 3rd 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 period. Kozak & Associates Inc. acquired a new position in shares of Chubb during the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb during the 3rd quarter worth about $29,000. Raelipskie Partnership acquired a new position in shares of Chubb during the 3rd quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CB shares. JPMorgan Chase & Co. upped their price objective on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods upped their price objective on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Piper Sandler upped their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Morgan Stanley upped their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Up 0.1 %

Chubb stock opened at $266.71 on Friday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The stock has a 50 day moving average of $276.67 and a two-hundred day moving average of $278.56. 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 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 issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.95 EPS. As a group, research analysts expect that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a dividend of $0.91 per share. 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 (DPR) 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.