Dynasty Wealth Management LLC Sells 531 Shares of Chubb Limited (NYSE:CB)

Dynasty Wealth Management LLC cut its holdings in Chubb Limited (NYSE:CB) by 13.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,305 shares of the financial services provider’s stock after selling 531 shares during the period. Dynasty Wealth Management LLC’s holdings in Chubb were worth $913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pinnacle Associates Ltd. increased its holdings in shares of Chubb by 8.4% in the third quarter. Pinnacle Associates Ltd. now owns 16,461 shares of the financial services provider’s stock worth $4,747,000 after purchasing an additional 1,281 shares during the last quarter. HM Payson & Co. increased its stake in Chubb by 6.9% in the 3rd quarter. HM Payson & Co. now owns 8,553 shares of the financial services provider’s stock worth $2,467,000 after acquiring an additional 555 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of Chubb by 0.5% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 122,721 shares of the financial services provider’s stock worth $35,391,000 after acquiring an additional 619 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Chubb by 2.7% in the third quarter. Stephens Inc. AR now owns 9,876 shares of the financial services provider’s stock valued at $2,848,000 after purchasing an additional 260 shares in the last quarter. Finally, Principal Securities Inc. increased its position in Chubb by 2.0% in the third quarter. Principal Securities Inc. now owns 11,274 shares of the financial services provider’s stock worth $3,251,000 after purchasing an additional 222 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

CB opened at $285.34 on Friday. The company has a market capitalization of $115.02 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The business’s fifty day simple moving average is $271.02 and its 200-day simple moving average is $279.73.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Wall Street Analyst Weigh In

Several research firms have commented on CB. Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company 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.