Chubb Limited (NYSE:CB) Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC cut its holdings in shares of Chubb Limited (NYSE:CB) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,508 shares of the financial services provider’s stock after selling 71 shares during the quarter. 44 Wealth Management LLC’s holdings in Chubb were worth $417,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Callan Capital LLC lifted its holdings in Chubb by 14.6% during the 4th quarter. Callan Capital LLC now owns 1,541 shares of the financial services provider’s stock worth $426,000 after buying an additional 196 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its holdings in shares of Chubb by 11.9% in the 4th quarter. Ipswich Investment Management Co. Inc. now owns 18,571 shares of the financial services provider’s stock valued at $5,131,000 after purchasing an additional 1,969 shares in the last quarter. Bell Bank raised its holdings in shares of Chubb by 9.9% in the 4th quarter. Bell Bank now owns 2,235 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 201 shares in the last quarter. Dividend Assets Capital LLC raised its holdings in shares of Chubb by 1.3% in the 4th quarter. Dividend Assets Capital LLC now owns 7,761 shares of the financial services provider’s stock valued at $2,144,000 after purchasing an additional 100 shares in the last quarter. Finally, Cordatus Wealth Management LLC raised its holdings in shares of Chubb by 1.0% in the 4th quarter. Cordatus Wealth Management LLC now owns 6,593 shares of the financial services provider’s stock valued at $1,822,000 after purchasing an additional 63 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods raised 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. Morgan Stanley raised 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. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Trading Down 0.1 %

Shares of Chubb stock opened at $267.19 on Friday. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $107.70 billion, a P/E ratio of 11.76, a PEG ratio of 3.36 and a beta of 0.67. The company’s fifty day moving average is $270.59 and its two-hundred day moving average is $279.46.

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

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.