Gradient Investments LLC Sells 557 Shares of Chubb Limited (NYSE:CB)

Gradient Investments LLC cut its stake in shares of Chubb Limited (NYSE:CB) by 1.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 49,033 shares of the financial services provider’s stock after selling 557 shares during the period. Gradient Investments LLC’s holdings in Chubb were worth $13,548,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock valued at $102,840,000 after purchasing an additional 130,629 shares in the last quarter. Czech National Bank increased its stake in Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after buying an additional 4,757 shares during the last quarter. Barclays PLC boosted its stake in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after acquiring an additional 1,905 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in shares of Chubb during the third quarter valued at approximately $721,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 0.1 %

CB opened at $266.71 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The firm has a market capitalization of $107.51 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. The company has a fifty day moving average price of $276.67 and a 200-day moving average price of $278.56.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the company posted $4.95 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts expect that Chubb Limited will post 21.95 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Analyst Ratings Changes

Several research firms have weighed in on CB. Evercore ISI boosted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Bank of America increased their target price 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. Finally, JPMorgan Chase & Co. upped their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $288.17.

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.