Wealth Effects LLC Sells 99 Shares of Chubb Limited (NYSE:CB)

Wealth Effects LLC lowered its stake in Chubb Limited (NYSE:CB) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,271 shares of the financial services provider’s stock after selling 99 shares during the quarter. Wealth Effects LLC’s holdings in Chubb were worth $351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CB. Perigon Wealth Management LLC increased its holdings in Chubb by 8.3% during the 4th quarter. Perigon Wealth Management LLC now owns 8,054 shares of the financial services provider’s stock worth $2,203,000 after purchasing an additional 618 shares in the last quarter. Patrick M Sweeney & Associates Inc. raised its position in Chubb by 5.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 2,099 shares of the financial services provider’s stock valued at $580,000 after buying an additional 100 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Chubb in the 4th quarter valued at approximately $205,000. Griffin Asset Management Inc. grew its stake in shares of Chubb by 1.9% during the 4th quarter. Griffin Asset Management Inc. now owns 10,258 shares of the financial services provider’s stock worth $2,834,000 after acquiring an additional 195 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Chubb by 4.4% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,368 shares of the financial services provider’s stock worth $2,312,000 after acquiring an additional 349 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 3.7 %

CB opened at $276.48 on Tuesday. The stock has a fifty day moving average of $276.24 and a 200-day moving average of $278.99. The company has a market capitalization of $111.45 billion, a P/E ratio of 11.32, a P/E/G ratio of 7.23 and a beta of 0.67. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

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

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JMP Securities increased their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Piper Sandler lifted 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. Bank of America increased their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company lowered their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Two 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $288.17.

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.