Mill Creek Capital Advisors LLC Trims Stock Holdings in Chubb Limited (NYSE:CB)

Mill Creek Capital Advisors LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 918 shares of the financial services provider’s stock after selling 92 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Chubb were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CB. Continuum Advisory LLC increased its stake in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares in the last quarter. Kozak & Associates Inc. bought a new position in shares of Chubb in the third quarter worth about $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb during the third quarter worth about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the third quarter worth about $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the 3rd quarter valued at approximately $30,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Up 0.5 %

CB opened at $267.95 on Wednesday. The stock has a 50-day moving average of $273.04 and a 200 day moving average of $279.84. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The firm has a market cap of $108.01 billion, a P/E ratio of 11.79, a P/E/G ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, research analysts forecast that Chubb Limited will post 21.66 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed 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 was Friday, December 13th. Chubb’s payout ratio is 16.02%.

Analyst Ratings Changes

CB has been the subject of several recent analyst reports. Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Evercore ISI lifted their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.