Chubb Limited $CB Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lessened its position in shares of Chubb Limited (NYSE:CB) by 36.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,466 shares of the financial services provider’s stock after selling 2,532 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Chubb were worth $1,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. E Fund Management Co. Ltd. raised its stake in shares of Chubb by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock worth $291,000 after buying an additional 36 shares during the last quarter. Rise Advisors LLC raised its stake in shares of Chubb by 4.6% during the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after buying an additional 37 shares during the last quarter. Avantax Planning Partners Inc. raised its stake in shares of Chubb by 5.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock worth $236,000 after buying an additional 38 shares during the last quarter. Sky Investment Group LLC raised its stake in shares of Chubb by 1.6% during the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after buying an additional 38 shares during the last quarter. Finally, Evermay Wealth Management LLC raised its stake in shares of Chubb by 2.3% during the 2nd quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock worth $489,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CB shares. Morgan Stanley cut their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Jefferies Financial Group lifted their price objective on Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. HSBC cut Chubb from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. Barclays lifted their price objective on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Finally, JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $307.58.

Chubb Stock Down 0.2%

CB opened at $281.40 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.34 and a quick ratio of 0.28. The stock has a market capitalization of $112.19 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 2.82 and a beta of 0.54. The business has a 50-day moving average of $277.83 and a two-hundred day moving average of $280.85. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.72 EPS. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s payout ratio is currently 16.19%.

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.