Wright Investors Service Inc. Trims Stock Position in Chubb Limited (NYSE:CB)

Wright Investors Service Inc. trimmed its position in Chubb Limited (NYSE:CB) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,440 shares of the financial services provider’s stock after selling 956 shares during the period. Wright Investors Service Inc.’s holdings in Chubb were worth $2,332,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Continuum Advisory LLC lifted its stake in Chubb by 56.5% during the third 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 last quarter. Kozak & Associates Inc. bought a new stake in Chubb in the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the third quarter worth approximately $29,000. Raelipskie Partnership bought a new position in Chubb during the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new position in shares of Chubb during the third quarter worth approximately $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of CB stock opened at $261.74 on Tuesday. The company’s fifty day moving average price is $278.69 and its 200-day moving average price is $278.09. The stock has a market cap of $105.51 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $226.06 and a 12 month high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $14.16 billion. During the same quarter in the previous year, the firm posted $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Bank of America lifted 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. JPMorgan Chase & Co. boosted their target price on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Morgan Stanley raised their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. JMP Securities boosted their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $288.39.

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.