Chubb Limited (NYSE:CB) Shares Sold by Barry Investment Advisors LLC

Barry Investment Advisors LLC lowered its position in Chubb Limited (NYSE:CB) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 821 shares of the financial services provider’s stock after selling 176 shares during the period. Barry Investment Advisors LLC’s holdings in Chubb were worth $228,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of 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 valued at $28,000 after buying an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new stake in Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the 3rd quarter valued at $29,000. Raelipskie Partnership purchased a new position in shares of Chubb during the 3rd quarter worth $29,000. Finally, Truvestments Capital LLC purchased a new position in shares of Chubb during the 3rd quarter worth $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

CB opened at $272.46 on Wednesday. The business’s 50 day moving average is $276.00 and its 200-day moving average is $279.12. The stock has a market cap of $109.83 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. On average, analysts predict that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors 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 yield of 1.34%. Chubb’s payout ratio is 14.91%.

Wall Street Analyst Weigh In

CB has been the topic of several research reports. Bank of America increased their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their price target on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Piper Sandler increased their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods increased their price target on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, JMP Securities increased their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $288.17.

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.