Chubb Limited (NYSE:CB) Shares Sold by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC lowered its holdings in shares of Chubb Limited (NYSE:CB) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,633 shares of the financial services provider’s stock after selling 96 shares during the period. Sage Private Wealth Group LLC’s holdings in Chubb were worth $451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schear Investment Advisers LLC grew its stake in shares of Chubb by 2.7% in the 4th quarter. Schear Investment Advisers LLC now owns 7,002 shares of the financial services provider’s stock valued at $1,935,000 after purchasing an additional 186 shares during the last quarter. Portfolio Design Labs LLC lifted its holdings in shares of Chubb by 11.4% during the fourth quarter. Portfolio Design Labs LLC now owns 2,402 shares of the financial services provider’s stock worth $664,000 after purchasing an additional 246 shares during the period. New Republic Capital LLC grew its position in Chubb by 6.6% in the 4th quarter. New Republic Capital LLC now owns 778 shares of the financial services provider’s stock valued at $216,000 after buying an additional 48 shares during the last quarter. Peterson Wealth Services increased its stake in Chubb by 5.7% in the 4th quarter. Peterson Wealth Services now owns 10,079 shares of the financial services provider’s stock valued at $2,785,000 after buying an additional 544 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in Chubb during the 4th quarter worth $4,188,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company cut their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Two equities research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Up 0.5 %

Shares of NYSE CB opened at $267.95 on Wednesday. The firm’s 50-day moving average is $273.04 and its two-hundred day moving average is $279.84. The company has a market capitalization of $108.01 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted 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 anticipate that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is currently 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.