Heritage Wealth Management Inc. Decreases Stake in Chubb Limited (NYSE:CB)

Heritage Wealth Management Inc. lowered its holdings in Chubb Limited (NYSE:CB) by 1.0% in the 4th quarter, Holdings Channel reports. The firm owned 13,566 shares of the financial services provider’s stock after selling 135 shares during the period. Chubb accounts for 1.2% of Heritage Wealth Management Inc.’s portfolio, making the stock its 13th biggest holding. Heritage Wealth Management Inc.’s holdings in Chubb were worth $3,748,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CB. Continuum Advisory LLC increased its position in Chubb by 56.5% during the third 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 last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb during the third quarter valued at $29,000. Raelipskie Partnership purchased a new stake in Chubb during the third quarter valued at $29,000. Sierra Ocean LLC purchased a new stake in Chubb during the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb during the third quarter valued at $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target 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. upped their price target on 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $295.73.

Chubb Stock Performance

NYSE CB opened at $285.34 on Friday. The firm has a market cap of $115.02 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $271.02 and a 200-day moving average price of $279.81. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s payout ratio is presently 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.