Claro Advisors LLC Trims Holdings in Chubb Limited (NYSE:CB)

Claro Advisors LLC lessened its holdings in Chubb Limited (NYSE:CB) by 4.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,610 shares of the financial services provider’s stock after selling 335 shares during the period. Claro Advisors LLC’s holdings in Chubb were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CB. FMR LLC boosted its position in Chubb by 7.3% in the 3rd 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 in the last quarter. Ameriprise Financial Inc. increased its holdings in Chubb by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock valued at $1,258,202,000 after buying an additional 63,891 shares in the last quarter. Legal & General Group Plc raised its position in shares of Chubb by 2.9% in the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock worth $938,663,000 after acquiring an additional 104,986 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Chubb by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock worth $586,207,000 after acquiring an additional 160,335 shares in the last quarter. Finally, Barclays PLC grew 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 valued at $511,226,000 after acquiring an additional 388,746 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Piper Sandler upped their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Evercore ISI lifted their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Barclays reduced their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, JMP Securities increased their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $288.39.

Chubb Trading Up 1.2 %

Shares of NYSE CB traded up $3.18 during trading on Monday, hitting $260.89. 1,887,807 shares of the company were exchanged, compared to its average volume of 2,158,062. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 12-month low of $226.06 and a 12-month high of $302.05. The company has a fifty day moving average price of $278.98 and a 200-day moving average price of $278.09. The firm has a market capitalization of $105.16 billion, a PE ratio of 10.68, a P/E/G ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.95 EPS. As a group, equities research analysts expect that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

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.