GSB Wealth Management LLC Sells 103 Shares of Chubb Limited (NYSE:CB)

GSB Wealth Management LLC lessened its position in Chubb Limited (NYSE:CB) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,498 shares of the financial services provider’s stock after selling 103 shares during the period. GSB Wealth Management LLC’s holdings in Chubb were worth $967,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CB. FMR LLC grew its holdings in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after acquiring an additional 1,052,999 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after purchasing an additional 931,841 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Chubb by 4,559.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock valued at $243,641,000 after purchasing an additional 826,700 shares in the last quarter. Troy Asset Management Ltd bought a new stake in shares of Chubb during the 2nd quarter valued at about $106,975,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Chubb by 49.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after purchasing an additional 389,343 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.1 %

Shares of Chubb stock opened at $266.71 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a 50-day simple moving average of $276.24 and a two-hundred day simple moving average of $278.65. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The stock has a market capitalization of $107.51 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating 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 firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the previous year, the company earned $4.95 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. Chubb’s payout ratio is 14.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CB shares. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Barclays cut their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley lifted their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, JMP Securities lifted their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Two research 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $288.17.

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.