U.S. Capital Wealth Advisors LLC Reduces Holdings in Chubb Limited (NYSE:CB)

U.S. Capital Wealth Advisors LLC trimmed its stake in Chubb Limited (NYSE:CB) by 48.0% in the 4th quarter, HoldingsChannel reports. The firm owned 8,655 shares of the financial services provider’s stock after selling 7,981 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Chubb were worth $2,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC lifted its position in Chubb by 56.5% during 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. Kozak & Associates Inc. purchased a new position in Chubb during the 3rd quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership purchased a new position in Chubb during the 3rd quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the 3rd quarter valued at about $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

CB stock opened at $274.31 on Tuesday. The firm has a market cap of $110.57 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 3.35 and a beta of 0.67. The firm has a 50-day simple moving average of $275.16 and a two-hundred day simple moving average of $279.45. Chubb Limited has a one year low of $238.85 and a one 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.

Chubb (NYSE:CB) last released its quarterly 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 16.63% and a return on equity of 13.75%. On average, equities analysts forecast that Chubb Limited will post 21.91 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is currently 16.02%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CB. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Bank of America raised their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Evercore ISI raised their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, 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 research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $290.12.

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.