Nepsis Inc. Cuts Stock Position in Chubb Limited (NYSE:CB)

Nepsis Inc. cut its holdings in Chubb Limited (NYSE:CB) by 21.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,523 shares of the financial services provider’s stock after selling 15,602 shares during the quarter. Chubb accounts for 2.3% of Nepsis Inc.’s investment portfolio, making the stock its 13th largest position. Nepsis Inc.’s holdings in Chubb were worth $16,170,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ironwood Investment Counsel LLC increased its position in shares of Chubb by 2.1% in the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after buying an additional 35 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. First Financial Bank Trust Division boosted its stake in shares of Chubb by 3.7% in the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 37 shares during the last quarter. LVW Advisors LLC boosted its stake in shares of Chubb by 0.3% in the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after acquiring an additional 40 shares during the last quarter. Finally, Wealth Effects LLC boosted its stake in shares of Chubb by 3.0% in the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 40 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

NYSE:CB opened at $266.71 on Friday. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $107.51 billion, a P/E ratio of 10.92, a P/E/G ratio of 7.23 and a beta of 0.67. The stock’s fifty day moving average is $276.67 and its two-hundred day moving average is $278.56.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.95 earnings per share. Equities analysts expect that Chubb Limited will post 21.95 EPS 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 issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. Chubb’s dividend payout ratio is presently 14.91%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CB shares. JPMorgan Chase & Co. lifted their price target on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Piper Sandler lifted their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Wells Fargo & Company lowered their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Bank of America boosted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $288.17.

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.