Pathway Financial Advisers LLC Cuts Stock Holdings in Chubb Limited (NYSE:CB)

Pathway Financial Advisers LLC cut its position in shares of Chubb Limited (NYSE:CB) by 99.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100 shares of the financial services provider’s stock after selling 28,477 shares during the period. Pathway Financial Advisers LLC’s holdings in Chubb were worth $27,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its stake in Chubb by 15.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,143 shares of the financial services provider’s stock valued at $906,000 after acquiring an additional 411 shares during the period. Wedge Capital Management L L P NC acquired a new position in Chubb during the third quarter worth $227,000. CX Institutional lifted its holdings in Chubb by 5.3% during the third quarter. CX Institutional now owns 2,727 shares of the financial services provider’s stock valued at $787,000 after purchasing an additional 137 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Chubb by 8.1% in the third quarter. SeaCrest Wealth Management LLC now owns 2,788 shares of the financial services provider’s stock valued at $804,000 after purchasing an additional 208 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its holdings in Chubb by 2.5% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,164 shares of the financial services provider’s stock worth $1,778,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on CB shares. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Evercore ISI boosted their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods boosted their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a 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 stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average price target of $295.73.

Chubb Price Performance

NYSE:CB opened at $267.89 on Friday. The company has a market capitalization of $107.98 billion, a P/E ratio of 11.79, a P/E/G ratio of 3.41 and a beta of 0.67. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The stock’s fifty day moving average is $272.29 and its two-hundred day moving average is $279.72. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts expect that Chubb Limited will post 21.66 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 16.02%.

Chubb Company 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.