Focus Financial Network Inc. Reduces Stock Position in Chubb Limited (NYSE:CB)

Focus Financial Network Inc. lessened its holdings in Chubb Limited (NYSE:CB) by 47.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 865 shares of the financial services provider’s stock after selling 769 shares during the quarter. Focus Financial Network Inc.’s holdings in Chubb were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CB. Continuum Advisory LLC raised its position in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. bought a new stake in shares of Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the third quarter worth about $29,000. Raelipskie Partnership bought a new position in Chubb during the 3rd quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CB shares. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company dropped their target price 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. JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Evercore ISI lifted their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley increased their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $295.73.

Chubb Stock Down 1.2 %

Shares of CB stock opened at $264.49 on Friday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm has a market capitalization of $106.62 billion, a PE ratio of 11.64, a P/E/G ratio of 3.41 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock’s 50-day simple moving average is $271.91 and its 200-day simple moving average is $279.64.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts expect that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 16.02%.

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.