Cerro Pacific Wealth Advisors LLC Lowers Position in Chubb Limited (NYSE:CB)

Cerro Pacific Wealth Advisors LLC reduced its stake in Chubb Limited (NYSE:CB) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,338 shares of the financial services provider’s stock after selling 63 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in Chubb were worth $674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock valued at $102,840,000 after acquiring an additional 130,629 shares during the last quarter. Czech National Bank boosted its position in shares of Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after purchasing an additional 4,757 shares during the period. Barclays PLC boosted its position in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the period. Moloney Securities Asset Management LLC increased its holdings in Chubb by 97.9% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after purchasing an additional 1,905 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in Chubb in the third quarter valued at approximately $721,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE:CB opened at $266.21 on Friday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The firm has a market capitalization of $107.31 billion, a P/E ratio of 10.90, a P/E/G ratio of 7.24 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 company’s fifty day moving average price is $277.08 and its 200 day moving average price is $278.64.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.95 earnings per share. As a group, sell-side analysts predict that Chubb Limited will post 22 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

Analyst Upgrades and Downgrades

CB has been the subject of several research analyst reports. Jefferies Financial Group raised their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Evercore ISI upped their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Two investment 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 stock. According to data from MarketBeat, the stock has a consensus 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.