Chubb Limited $CB Shares Sold by Bristlecone Advisors LLC

Bristlecone Advisors LLC lowered its holdings in shares of Chubb Limited (NYSE:CB) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,011 shares of the financial services provider’s stock after selling 351 shares during the period. Bristlecone Advisors LLC’s holdings in Chubb were worth $3,480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. North Capital Inc. purchased a new stake in shares of Chubb during the first quarter worth about $26,000. IMA Advisory Services Inc. purchased a new stake in shares of Chubb during the first quarter worth about $31,000. 1248 Management LLC purchased a new stake in shares of Chubb during the first quarter worth about $31,000. WPG Advisers LLC purchased a new stake in shares of Chubb during the first quarter worth about $33,000. Finally, Maseco LLP purchased a new stake in shares of Chubb during the second quarter worth about $35,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $275.39 on Wednesday. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm has a 50 day moving average price of $277.85 and a 200 day moving average price of $280.81. The company has a market cap of $109.80 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 2.79 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.34.

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

Chubb Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CB shares. Wolfe Research lifted their price target on shares of Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Citigroup lifted their price target on shares of Chubb from $326.00 to $331.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $300.00 price target on shares of Chubb in a report on Monday. UBS Group lifted their price target on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Wells Fargo & Company boosted their target price on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $307.58.

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.