Chubb Limited (NYSE:CB) Stock Holdings Lowered by FDx Advisors Inc.

FDx Advisors Inc. reduced its holdings in Chubb Limited (NYSE:CB) by 8.3% during the 4th quarter, Holdings Channel reports. The fund owned 955 shares of the financial services provider’s stock after selling 86 shares during the quarter. FDx Advisors Inc.’s holdings in Chubb were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after purchasing an additional 130,629 shares during the period. Czech National Bank increased its stake in Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after purchasing an additional 4,757 shares in the last quarter. Barclays PLC raised its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares during the period. Moloney Securities Asset Management LLC raised its holdings in Chubb by 97.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after buying an additional 1,905 shares during the period. Finally, Savvy Advisors Inc. purchased a new stake in Chubb during the third quarter valued at about $721,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $267.19 on Friday. The firm has a market cap of $107.70 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. The company’s fifty day moving average is $270.59 and its 200-day moving average is $279.36. 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 Limited has a 12 month low of $238.85 and a 12 month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CB. JMP Securities restated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley raised their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Evercore ISI upped their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $295.73.

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.