Chubb Limited (NYSE:CB) Stake Lessened by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in Chubb Limited (NYSE:CBFree Report) by 3.1% in the 4th quarter, HoldingsChannel reports. The fund owned 85,682 shares of the financial services provider’s stock after selling 2,765 shares during the period. Yousif Capital Management LLC’s holdings in Chubb were worth $23,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Chubb by 36.8% during the third quarter. GAMMA Investing LLC now owns 4,941 shares of the financial services provider’s stock valued at $1,425,000 after purchasing an additional 1,330 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in Chubb during the third quarter valued at approximately $282,000. Foster Group Inc. acquired a new stake in Chubb during the third quarter valued at approximately $200,000. Security National Bank lifted its stake in Chubb by 5.2% during the third quarter. Security National Bank now owns 7,746 shares of the financial services provider’s stock valued at $2,234,000 after purchasing an additional 380 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in Chubb by 0.8% during the third quarter. Mather Group LLC. now owns 6,571 shares of the financial services provider’s stock valued at $1,895,000 after purchasing an additional 53 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

Shares of CB opened at $272.31 on Wednesday. The company’s fifty day moving average is $274.91 and its 200-day moving average is $279.50. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The firm has a market cap of $109.77 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 3.35 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.

Chubb (NYSE:CBGet Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts expect that Chubb Limited will post 21.91 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.34%. Chubb’s payout ratio is presently 16.02%.

Analysts Set New Price Targets

CB has been the subject of several recent research reports. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Bank of America upped their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Morgan Stanley upped their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $290.12.

Get Our Latest Stock Analysis on CB

About Chubb

(Free Report)

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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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