Asset Advisors Investment Management LLC Sells 1,010 Shares of Chubb Limited (NYSE:CB)

Asset Advisors Investment Management LLC decreased its position in shares of Chubb Limited (NYSE:CB) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,969 shares of the financial services provider’s stock after selling 1,010 shares during the quarter. Chubb makes up 1.8% of Asset Advisors Investment Management LLC’s holdings, making the stock its 18th largest holding. Asset Advisors Investment Management LLC’s holdings in Chubb were worth $17,398,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Continuum Advisory LLC grew its holdings in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the 3rd quarter worth approximately $29,000. Raelipskie Partnership bought a new position in shares of Chubb during the third quarter valued at approximately $29,000. Sierra Ocean LLC bought a new position in shares of Chubb during the fourth quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $267.19 on Monday. The company has a market capitalization of $107.70 billion, a P/E ratio of 11.76, a P/E/G ratio of 3.36 and a beta of 0.67. The business’s 50-day moving average is $270.59 and its two-hundred day moving average is $279.55. 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 Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last posted its earnings results 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%. Research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods upped 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. Wells Fargo & Company dropped their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI lifted their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Finally, Morgan Stanley raised their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $295.73.

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.