Core Alternative Capital Sells 359 Shares of Chubb Limited (NYSE:CB)

Core Alternative Capital reduced its position in Chubb Limited (NYSE:CB) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,158 shares of the financial services provider’s stock after selling 359 shares during the period. Chubb makes up about 1.7% of Core Alternative Capital’s investment portfolio, making the stock its 17th biggest position. Core Alternative Capital’s holdings in Chubb were worth $8,056,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CB. Continuum Advisory LLC grew its position in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the period. Kozak & Associates Inc. bought a new position in Chubb in the 3rd quarter worth $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the third quarter valued at $29,000. Raelipskie Partnership bought a new stake in Chubb during the third quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb in the third quarter worth about $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE:CB opened at $266.32 on Tuesday. The business’s 50-day moving average is $273.52 and its 200 day moving average is $279.80. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a market capitalization of $107.36 billion, a P/E ratio of 11.72, a P/E/G ratio of 3.41 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

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 the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities research analysts forecast that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.37%. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CB. Barclays lowered their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Evercore ISI lifted their target price on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.