MRA Advisory Group Cuts Position in Chubb Limited (NYSE:CB)

MRA Advisory Group reduced its position in shares of Chubb Limited (NYSE:CB) by 9.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,275 shares of the financial services provider’s stock after selling 130 shares during the period. MRA Advisory Group’s holdings in Chubb were worth $352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ironwood Investment Counsel LLC lifted its holdings in Chubb by 2.1% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after buying an additional 35 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the last quarter. First Financial Bank Trust Division lifted its position in Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 37 shares during the period. LVW Advisors LLC lifted its holdings in shares of Chubb by 0.3% during the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after purchasing an additional 40 shares during the period. Finally, Wealth Effects LLC boosted its holdings in shares of Chubb by 3.0% in the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after acquiring an additional 40 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

NYSE:CB opened at $261.74 on Tuesday. Chubb Limited has a 1-year low of $226.06 and a 1-year high of $302.05. The firm has a 50-day moving average of $278.69 and a two-hundred day moving average of $278.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $105.51 billion, a P/E ratio of 10.72, a PEG ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the business earned $4.95 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts expect that Chubb Limited will post 21.82 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. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their price objective on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday. Evercore ISI upped their target price on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Piper Sandler upped their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $288.39.

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.