Mayflower Financial Advisors LLC Sells 63 Shares of Chubb Limited (NYSE:CB)

Mayflower Financial Advisors LLC decreased its stake in shares of Chubb Limited (NYSE:CB) by 3.0% during the fourth quarter, Holdings Channel reports. The firm owned 2,051 shares of the financial services provider’s stock after selling 63 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Chubb were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ironwood Investment Counsel LLC boosted its stake in shares of Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after buying an additional 35 shares during the last quarter. Continuum Advisory LLC boosted its position in 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 purchasing an additional 35 shares during the last quarter. First Financial Bank Trust Division grew its stake in shares of Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 37 shares during the period. LVW Advisors LLC increased its position in shares of Chubb by 0.3% during the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock valued at $3,390,000 after purchasing an additional 40 shares during the last quarter. Finally, Wealth Effects LLC lifted its stake in shares of Chubb by 3.0% in the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $276.05 on Thursday. The firm has a market capitalization of $111.27 billion, a P/E ratio of 11.30, a PEG ratio of 7.23 and a beta of 0.67. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. 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 company has a 50 day moving average price of $275.77 and a 200 day moving average price of $279.22.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Sell-side analysts expect that Chubb Limited will post 21.95 EPS for the current year.

Chubb Announces Dividend

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 1.32%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CB. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays reduced their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Jefferies Financial Group raised 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, Wells Fargo & Company dropped their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average target price of $288.39.

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.