Mission Wealth Management LP Lowers Stock Position in Chubb Limited (NYSE:CB)

Mission Wealth Management LP cut its holdings in Chubb Limited (NYSE:CB) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,311 shares of the financial services provider’s stock after selling 181 shares during the quarter. Mission Wealth Management LP’s holdings in Chubb were worth $2,572,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Continuum Advisory LLC grew its holdings in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb in the 3rd quarter worth approximately $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb in the 3rd quarter worth approximately $29,000. Sierra Ocean LLC bought a new position in Chubb during the 4th quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the third quarter valued at $30,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CB shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $295.73.

Chubb Stock Up 1.5 %

Shares of CB stock opened at $289.66 on Tuesday. The company has a 50 day simple moving average of $271.30 and a two-hundred day simple moving average of $279.99. The stock has a market cap of $116.76 billion, a P/E ratio of 12.75, a P/E/G ratio of 3.36 and a beta of 0.67. 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.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. Chubb’s payout ratio is currently 16.02%.

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.