Janney Capital Management LLC Cuts Stock Position in Chubb Limited (NYSE:CB)

Janney Capital Management LLC trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 4.0% in the fourth quarter, Holdings Channel reports. The firm owned 24,480 shares of the financial services provider’s stock after selling 1,018 shares during the period. Janney Capital Management LLC’s holdings in Chubb were worth $6,764,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its position 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 buying an additional 35 shares during the period. Kozak & Associates Inc. acquired a new position in Chubb during the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the 3rd quarter worth approximately $29,000. Raelipskie Partnership acquired a new stake in Chubb in the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb during the third quarter valued at approximately $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Piper Sandler lifted their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Jefferies Financial Group increased their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $288.17.

Chubb Stock Performance

Shares of NYSE CB opened at $269.02 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $277.39 and its two-hundred day moving average price is $278.72. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The stock has a market capitalization of $108.44 billion, a P/E ratio of 11.04, a P/E/G ratio of 7.27 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion for 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 business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $4.95 EPS. As a group, sell-side analysts forecast that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.35%. Chubb’s dividend 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.