Nicholas Hoffman & Company LLC. Reduces Holdings in Chubb Limited (NYSE:CB)

Nicholas Hoffman & Company LLC. reduced its stake in Chubb Limited (NYSE:CB) by 15.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,095 shares of the financial services provider’s stock after selling 200 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Chubb were worth $303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Chubb in the fourth quarter worth $29,000. J.W. Cole Advisors Inc. grew its holdings in Chubb by 2.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 9,781 shares of the financial services provider’s stock worth $2,703,000 after acquiring an additional 208 shares during the last quarter. Csenge Advisory Group increased its position in shares of Chubb by 3.2% in the fourth quarter. Csenge Advisory Group now owns 4,270 shares of the financial services provider’s stock valued at $1,180,000 after acquiring an additional 133 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Chubb during the fourth quarter valued at about $30,000. Finally, Allworth Financial LP boosted its holdings in shares of Chubb by 551.9% during the fourth quarter. Allworth Financial LP now owns 64,684 shares of the financial services provider’s stock worth $17,356,000 after purchasing an additional 54,761 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 1.2 %

Shares of Chubb stock opened at $264.49 on Tuesday. The company has a 50-day simple moving average of $271.54 and a two-hundred day simple moving average of $279.63. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a market capitalization of $106.62 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, analysts anticipate that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.38%. Chubb’s payout ratio is 16.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CB shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Morgan Stanley raised 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. Barclays decreased their price target 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. Finally, Keefe, Bruyette & Woods lifted their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $295.73.

About Chubb

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.