LVW Advisors LLC Sells 198 Shares of Chubb Limited (NYSE:CB)

LVW Advisors LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,556 shares of the financial services provider’s stock after selling 198 shares during the period. LVW Advisors LLC’s holdings in Chubb were worth $3,193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Continuum Advisory LLC boosted its position in 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 in the last quarter. Kozak & Associates Inc. purchased a new stake in shares of Chubb during the 3rd quarter worth $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the third quarter valued at about $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 position in Chubb in the third quarter valued at about $30,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 1.5 %

NYSE:CB opened at $269.38 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company’s fifty day moving average price is $277.89 and its 200-day moving average price is $278.32. Chubb Limited has a 1-year low of $226.74 and a 1-year high of $302.05. The firm has a market capitalization of $108.59 billion, a P/E ratio of 11.03, a PEG ratio of 5.65 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $4.95 EPS. As a group, equities research analysts anticipate that Chubb Limited will post 21.93 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is presently 14.91%.

Analyst Upgrades and Downgrades

Several research firms have commented on CB. Evercore ISI increased their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Piper Sandler lifted their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Bank of America increased their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their target price on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $288.17.

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.