Asset Dedication LLC Decreases Stake in Chubb Limited (NYSE:CB)

Asset Dedication LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,819 shares of the financial services provider’s stock after selling 224 shares during the quarter. Asset Dedication LLC’s holdings in Chubb were worth $1,331,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Continuum Advisory LLC grew its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. bought a new position in Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chubb in the third quarter worth about $29,000. Raelipskie Partnership purchased a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the 3rd quarter valued at approximately $30,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CB shares. Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, JMP Securities raised their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $288.17.

Chubb Stock Performance

Shares of CB opened at $272.46 on Wednesday. The firm has a 50-day moving average of $275.77 and a 200-day moving average of $279.22. 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 has a market cap of $109.83 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. Chubb Limited has a one year low of $238.85 and a one year high of $302.05.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. As a group, equities analysts forecast that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.34%. Chubb’s payout ratio is 14.91%.

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.