Platform Technology Partners Sells 49 Shares of Chubb Limited (NYSE:CB)

Platform Technology Partners lowered its position in shares of Chubb Limited (NYSE:CB) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 8,969 shares of the financial services provider’s stock after selling 49 shares during the period. Platform Technology Partners’ holdings in Chubb were worth $2,478,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its holdings in shares of 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 buying an additional 35 shares in the last quarter. Kozak & Associates Inc. bought a new stake in Chubb during the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the 3rd quarter valued at $29,000. Raelipskie Partnership bought a new position in Chubb in the 3rd quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb in the 3rd quarter valued at $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Shares of CB opened at $270.14 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $108.89 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. The stock’s 50-day moving average price is $273.89 and its two-hundred day moving average price is $279.49. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts predict that Chubb Limited will post 21.91 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is currently 16.02%.

Analysts Set New Price Targets

Several brokerages have recently commented on CB. Evercore ISI increased their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JMP Securities reiterated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised 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. Finally, Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. 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 presently has a consensus 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.