Encompass Wealth Advisors LLC Has $609,000 Stake in Chubb Limited (NYSE:CB)

Encompass Wealth Advisors LLC lowered its stake in Chubb Limited (NYSE:CB) by 23.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,205 shares of the financial services provider’s stock after selling 662 shares during the period. Encompass Wealth Advisors LLC’s holdings in Chubb were worth $609,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CB. FMR LLC boosted its position in Chubb by 7.3% during the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after purchasing an additional 1,052,999 shares during the period. Barclays PLC lifted its stake in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Chubb by 49.7% during 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 buying an additional 389,343 shares during the period. International Assets Investment Management LLC grew its stake in Chubb by 28,885.3% in the 3rd 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 buying an additional 931,841 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Chubb by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider’s stock worth $266,940,000 after acquiring an additional 7,462 shares during the period. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Wells Fargo & Company reduced their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Bank of America boosted their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Two investment 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 MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Stock Performance

NYSE CB opened at $272.79 on Friday. The stock has a market cap of $109.96 billion, a P/E ratio of 12.01, a PEG ratio of 3.35 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company’s 50-day simple moving average is $274.24 and its 200 day simple moving average is $279.54.

Chubb (NYSE:CB) last issued its earnings results 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%. As a group, research analysts forecast that Chubb Limited will post 21.91 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. Chubb’s dividend payout ratio is presently 16.02%.

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.