Chubb Limited (NYSE:CB) Shares Sold by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA reduced its position in shares of Chubb Limited (NYSE:CB) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 4,422 shares of the financial services provider’s stock after selling 150 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Chubb were worth $1,222,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CB. Continuum Advisory LLC raised its holdings in Chubb by 56.5% in 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 in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb in the third quarter valued at $29,000. Raelipskie Partnership acquired a new stake in Chubb in the third quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in Chubb in the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb in the third quarter valued at $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Up 1.3 %

Chubb stock opened at $285.34 on Friday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a market capitalization of $115.02 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The firm has a 50 day simple moving average of $271.02 and a 200-day simple moving average of $279.73.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.28%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CB shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods boosted 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, January 31st. Wells Fargo & Company dropped their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. increased 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 issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $295.73.

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.