Financial Advisory Partners LLC Sells 92 Shares of Chubb Limited (NYSE:CB)

Financial Advisory Partners LLC cut its holdings in Chubb Limited (NYSE:CB) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,322 shares of the financial services provider’s stock after selling 92 shares during the quarter. Chubb makes up 1.3% of Financial Advisory Partners LLC’s holdings, making the stock its 24th biggest holding. Financial Advisory Partners LLC’s holdings in Chubb were worth $3,957,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CB. FMR LLC lifted its stake in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after acquiring an additional 1,052,999 shares during the last quarter. International Assets Investment Management LLC boosted its position in Chubb by 28,885.3% during the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after acquiring an additional 931,841 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Chubb by 4,559.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock worth $243,641,000 after acquiring an additional 826,700 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after acquiring an additional 389,343 shares in the last quarter. Finally, Barclays PLC lifted its stake in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after buying an additional 388,746 shares during the period. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CB. Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Morgan Stanley boosted their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Trading Up 0.2 %

Shares of Chubb stock opened at $272.73 on Thursday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $109.94 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 3.35 and a beta of 0.67. The company’s 50-day moving average price is $274.59 and its 200-day moving average price is $279.59.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities analysts expect that Chubb Limited will post 21.91 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date 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.