Magnolia Capital Advisors LLC Sells 660 Shares of Chubb Limited (NYSE:CB)

Magnolia Capital Advisors LLC cut its stake in Chubb Limited (NYSE:CB) by 12.8% in the 4th quarter, Holdings Channel reports. The firm owned 4,508 shares of the financial services provider’s stock after selling 660 shares during the period. Magnolia Capital Advisors LLC’s holdings in Chubb were worth $1,246,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CB. Willis Investment Counsel increased its stake in shares of Chubb by 1.0% in the 4th quarter. Willis Investment Counsel now owns 147,367 shares of the financial services provider’s stock worth $40,718,000 after acquiring an additional 1,424 shares in the last quarter. Stock Yards Bank & Trust Co. increased its stake in shares of Chubb by 1.8% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 3,139 shares of the financial services provider’s stock worth $867,000 after acquiring an additional 55 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of Chubb by 3.3% in the 4th quarter. CENTRAL TRUST Co now owns 3,690 shares of the financial services provider’s stock worth $1,020,000 after acquiring an additional 119 shares in the last quarter. McAdam LLC increased its stake in shares of Chubb by 43.6% in the 4th quarter. McAdam LLC now owns 1,741 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 529 shares in the last quarter. Finally, Golden State Equity Partners increased its stake in shares of Chubb by 19.2% in the 4th quarter. Golden State Equity Partners now owns 4,680 shares of the financial services provider’s stock worth $1,293,000 after acquiring an additional 755 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CB. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group increased their price objective 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. Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $290.12.

Chubb Stock Performance

CB opened at $272.01 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $109.65 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 7.45 and a beta of 0.67. The company’s 50 day moving average is $275.16 and its 200 day moving average is $279.37. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.86%. On average, equities research analysts predict that Chubb Limited will post 22.86 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 yield of 1.34%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 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.