VisionPoint Advisory Group LLC Trims Stock Position in Chubb Limited (NYSE:CB)

VisionPoint Advisory Group LLC trimmed its stake in Chubb Limited (NYSE:CB) by 6.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,848 shares of the financial services provider’s stock after selling 190 shares during the period. VisionPoint Advisory Group LLC’s holdings in Chubb were worth $776,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CB. Continuum Advisory LLC raised its stake in shares of Chubb by 56.5% in 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 during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb in the 3rd quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb in the 4th quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb in the 3rd quarter valued at approximately $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 0.5 %

Shares of Chubb stock opened at $267.69 on Friday. The company has a fifty day simple moving average of $270.77 and a 200-day simple moving average of $279.37. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $107.90 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 3.35 and a beta of 0.67.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CB. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays dropped their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $295.73.

Chubb 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.