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

Janney Capital Management LLC cut its holdings in Chubb Limited (NYSE:CB) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,480 shares of the financial services provider’s stock after selling 1,018 shares during the quarter. Janney Capital Management LLC’s holdings in Chubb were worth $6,764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Albion Financial Group UT grew its position in Chubb by 411.4% during the fourth quarter. Albion Financial Group UT now owns 179 shares of the financial services provider’s stock worth $50,000 after buying an additional 144 shares during the period. Missouri Trust & Investment Co boosted its stake in shares of Chubb by 8.3% during the 4th quarter. Missouri Trust & Investment Co now owns 3,378 shares of the financial services provider’s stock worth $933,000 after acquiring an additional 260 shares in the last quarter. Dakota Wealth Management grew its holdings in shares of Chubb by 67.8% in the 4th quarter. Dakota Wealth Management now owns 28,399 shares of the financial services provider’s stock worth $7,847,000 after acquiring an additional 11,474 shares during the period. Nisa Investment Advisors LLC increased its stake in Chubb by 259.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 321,094 shares of the financial services provider’s stock valued at $89,005,000 after purchasing an additional 231,791 shares in the last quarter. Finally, Genesis Private Wealth LLC purchased a new position in Chubb in the 4th quarter valued at approximately $248,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

CB opened at $269.02 on Wednesday. The company’s 50 day simple moving average is $277.39 and its 200 day simple moving average is $278.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The stock has a market capitalization of $108.44 billion, a PE ratio of 11.04, a P/E/G ratio of 7.27 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share 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 the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.95 earnings per share. As a group, sell-side analysts expect that Chubb Limited will post 21.95 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.35%. Chubb’s dividend payout ratio is presently 14.91%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CB shares. Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their target price on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $288.17.

Chubb 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.