Global Financial Private Client LLC Sells 1,783 Shares of Chubb Limited (NYSE:CB)

Global Financial Private Client LLC trimmed its holdings in Chubb Limited (NYSE:CB) by 92.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136 shares of the financial services provider’s stock after selling 1,783 shares during the quarter. Global Financial Private Client LLC’s holdings in Chubb were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. One Capital Management LLC raised its stake in Chubb by 306.7% during the second quarter. One Capital Management LLC now owns 5,161 shares of the financial services provider’s stock valued at $1,316,000 after buying an additional 3,892 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Chubb by 255.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 9,444 shares of the financial services provider’s stock worth $2,414,000 after purchasing an additional 6,787 shares during the last quarter. Moors & Cabot Inc. boosted its stake in Chubb by 3.6% in the 2nd quarter. Moors & Cabot Inc. now owns 10,980 shares of the financial services provider’s stock worth $2,801,000 after purchasing an additional 378 shares in the last quarter. Stock Yards Bank & Trust Co. grew its position in Chubb by 1.4% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 3,300 shares of the financial services provider’s stock valued at $842,000 after purchasing an additional 45 shares during the last quarter. Finally, Virtu Financial LLC increased its stake in Chubb by 799.4% during the 2nd quarter. Virtu Financial LLC now owns 13,752 shares of the financial services provider’s stock valued at $3,508,000 after purchasing an additional 12,223 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CB has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Wells Fargo & Company cut their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Jefferies Financial Group boosted their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Bank of America increased their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley lifted their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $288.17.

Chubb Stock Up 1.4 %

Shares of CB stock opened at $265.54 on Wednesday. The company has a 50 day simple moving average of $278.46 and a two-hundred day simple moving average of $278.16. The stock has a market cap of $107.04 billion, a P/E ratio of 10.87, a P/E/G ratio of 6.43 and a beta of 0.67. Chubb Limited has a 12 month low of $226.06 and a 12 month high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The company 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%. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $4.95 EPS. On average, research analysts expect that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. Chubb’s 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.