Ameritas Advisory Services LLC reduced its position in shares of Chubb Limited (NYSE:CB – Free Report) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,041 shares of the financial services provider’s stock after selling 113 shares during the period. Ameritas Advisory Services LLC’s holdings in Chubb were worth $288,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of CB. Continuum Advisory LLC grew its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Chubb during the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the 3rd quarter worth approximately $29,000. Raelipskie Partnership acquired a new stake in Chubb during the 3rd quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb during the third quarter worth $30,000. Institutional investors own 83.81% of the company’s stock.
Chubb Trading Down 0.8 %
Shares of Chubb stock opened at $266.21 on Friday. The firm has a market capitalization of $107.31 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 7.24 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. The firm’s 50 day moving average is $277.08 and its 200 day moving average is $278.64. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05.
Chubb Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 14.91%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. JMP Securities raised 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. Jefferies Financial Group upped their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lowered their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $288.17.
View Our Latest Research Report on CB
Chubb Company 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.
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