Mission Wealth Management LP Sells 181 Shares of Chubb Limited (NYSE:CB)

Mission Wealth Management LP lessened its stake in Chubb Limited (NYSE:CB) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,311 shares of the financial services provider’s stock after selling 181 shares during the period. Mission Wealth Management LP’s holdings in Chubb were worth $2,572,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC grew its position in Chubb by 7.3% in the third 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 in the last quarter. Barclays PLC raised its position in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Chubb by 49.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after purchasing an additional 389,343 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Chubb by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider’s stock worth $266,940,000 after purchasing an additional 7,462 shares in the last quarter. Finally, National Pension Service increased its position in shares of Chubb by 14.1% during the 3rd quarter. National Pension Service now owns 813,125 shares of the financial services provider’s stock valued at $234,497,000 after purchasing an additional 100,470 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock opened at $289.66 on Tuesday. The business has a 50 day moving average of $271.30 and a 200 day moving average of $279.99. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The company has a market cap of $116.76 billion, a PE ratio of 12.75, a P/E/G ratio of 3.36 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 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%. As a group, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s payout ratio is currently 16.02%.

Analyst Ratings Changes

A number of research firms recently weighed in on CB. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Wells Fargo & Company lowered their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods raised their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target of $295.73.

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.