Accurate Wealth Management LLC Has $2.36 Million Holdings in Chubb Limited (NYSE:CB)

Accurate Wealth Management LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,142 shares of the financial services provider’s stock after selling 1,666 shares during the quarter. Accurate Wealth Management LLC’s holdings in Chubb were worth $2,356,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its position in shares of Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after acquiring an additional 1,052,999 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Chubb by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock valued at $1,258,202,000 after purchasing an additional 63,891 shares in the last quarter. Legal & General Group Plc increased its position in shares of Chubb by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock worth $938,663,000 after purchasing an additional 104,986 shares during the last quarter. Barclays PLC boosted its holdings in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after buying an additional 388,746 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after buying an additional 389,343 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

CB opened at $265.54 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52-week low of $226.06 and a 52-week high of $302.05. The firm has a market cap of $107.04 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The business’s fifty day moving average is $278.46 and its 200-day moving average is $278.16.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the firm earned $4.95 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that Chubb Limited will post 21.82 EPS for the current fiscal 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 paid a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. Chubb’s payout ratio is 14.91%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company dropped their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $288.17.

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.