Chubb Limited (NYSE:CB) Stake Cut by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC decreased its stake in shares of Chubb Limited (NYSE:CB) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 939,579 shares of the financial services provider’s stock after selling 4,261 shares during the period. Chubb accounts for 62.2% of Mycio Wealth Partners LLC’s investment portfolio, making the stock its biggest position. Mycio Wealth Partners LLC owned approximately 0.23% of Chubb worth $259,606,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC raised its position in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the period. Kozak & Associates Inc. purchased a new position in shares of Chubb in the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the 3rd quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb during the 3rd quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Barclays dropped their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $295.73.

Chubb Stock Down 1.1 %

CB stock opened at $265.07 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a fifty day moving average price of $272.29 and a two-hundred day moving average price of $279.72. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The firm has a market cap of $106.85 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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%. Research analysts predict that Chubb Limited will post 21.66 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 issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 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.