Sicart Associates LLC Reduces Stock Position in Chubb Limited (NYSE:CB)

Sicart Associates LLC reduced its holdings in Chubb Limited (NYSE:CB) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,390 shares of the financial services provider’s stock after selling 120 shares during the period. Sicart Associates LLC’s holdings in Chubb were worth $385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CB. Argent Trust Co boosted its stake in shares of Chubb by 1.5% during the 2nd quarter. Argent Trust Co now owns 8,393 shares of the financial services provider’s stock worth $2,141,000 after purchasing an additional 125 shares during the period. Blair William & Co. IL raised its holdings in shares of Chubb by 53.1% in the 2nd quarter. Blair William & Co. IL now owns 55,576 shares of the financial services provider’s stock valued at $14,176,000 after purchasing an additional 19,268 shares in the last quarter. Paces Ferry Wealth Advisors LLC raised its holdings in shares of Chubb by 3.3% in the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 1,585 shares of the financial services provider’s stock valued at $404,000 after purchasing an additional 50 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Chubb in the 2nd quarter valued at about $3,327,000. Finally, Intech Investment Management LLC raised its holdings in shares of Chubb by 16.8% in the 2nd quarter. Intech Investment Management LLC now owns 13,018 shares of the financial services provider’s stock valued at $3,321,000 after purchasing an additional 1,876 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America upped their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. JMP Securities raised their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Piper Sandler lifted their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chubb currently has an average rating of “Hold” and an average price target of $288.17.

Chubb Stock Up 1.9 %

CB stock opened at $273.49 on Friday. Chubb Limited has a twelve month low of $226.74 and a twelve month high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $110.25 billion, a P/E ratio of 11.20, a PEG ratio of 5.65 and a beta of 0.67. The firm has a 50 day simple moving average of $278.22 and a 200-day simple moving average of $278.09.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the company earned $4.95 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Chubb Limited will post 21.93 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

About Chubb

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.