Beech Hill Advisors Inc. Sells 50 Shares of Chubb Limited (NYSE:CB)

Beech Hill Advisors Inc. reduced its holdings in shares of Chubb Limited (NYSE:CB) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,360 shares of the financial services provider’s stock after selling 50 shares during the quarter. Beech Hill Advisors Inc.’s holdings in Chubb were worth $928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CB. Continuum Advisory LLC raised its stake in shares of Chubb by 56.5% during the 3rd 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 period. Kozak & Associates Inc. purchased a new stake in Chubb during the third quarter worth about $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the third quarter worth about $29,000. Raelipskie Partnership purchased a new position in Chubb in the third quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Evercore ISI boosted their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Bank of America boosted 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 investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy 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 $288.17.

Chubb Price Performance

NYSE CB traded up $2.85 during trading on Thursday, reaching $271.26. The company’s stock had a trading volume of 60,931 shares, compared to its average volume of 2,034,246. The stock has a market capitalization of $109.34 billion, a PE ratio of 11.11, a P/E/G ratio of 5.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a fifty day moving average of $278.46 and a 200 day moving average of $278.16. Chubb Limited has a one year low of $226.74 and a one year high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period last year, the firm posted $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Chubb Limited will post 21.93 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

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.