Beach Investment Counsel Inc. PA Trims Position in Chubb Limited (NYSE:CB)

Beach Investment Counsel Inc. PA lowered its holdings in Chubb Limited (NYSE:CB) by 30.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,105 shares of the financial services provider’s stock after selling 921 shares during the period. Beach Investment Counsel Inc. PA’s holdings in Chubb were worth $582,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its stake in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. purchased a new position in shares of Chubb in the 3rd quarter worth $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the third quarter valued at $29,000. Raelipskie Partnership purchased a new position in shares of Chubb in the 3rd quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb in the 3rd quarter valued at about $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CB shares. 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. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Jefferies Financial Group increased their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $290.12.

Chubb Stock Performance

Shares of CB opened at $272.34 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The business’s fifty day moving average price is $275.16 and its 200 day moving average price is $279.45. The stock has a market capitalization of $109.78 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities research analysts forecast that Chubb Limited will post 21.91 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.34%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

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.