Moloney Securities Asset Management LLC Sells 424 Shares of Chubb Limited (NYSE:CB)

Moloney Securities Asset Management LLC cut its stake in Chubb Limited (NYSE:CB) by 11.0% in the 4th quarter, Holdings Channel reports. The fund owned 3,427 shares of the financial services provider’s stock after selling 424 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Chubb were worth $947,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management raised its stake in shares of Chubb by 25.0% during the third quarter. Brookstone Capital Management now owns 1,261 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 252 shares in the last quarter. CWM LLC grew its holdings in shares of Chubb by 14.5% during the 3rd quarter. CWM LLC now owns 15,375 shares of the financial services provider’s stock valued at $4,434,000 after purchasing an additional 1,950 shares during the last quarter. InTrack Investment Management Inc raised its position in Chubb by 2.4% in the 3rd quarter. InTrack Investment Management Inc now owns 2,107 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 50 shares during the period. Carnegie Investment Counsel lifted its stake in Chubb by 26.7% in the third quarter. Carnegie Investment Counsel now owns 47,372 shares of the financial services provider’s stock worth $13,662,000 after purchasing an additional 9,992 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Chubb by 15.0% during the third quarter. Exchange Traded Concepts LLC now owns 3,143 shares of the financial services provider’s stock valued at $906,000 after buying an additional 411 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CB. Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two equities research 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, the stock currently has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Down 1.0 %

CB stock opened at $270.14 on Monday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a market capitalization of $108.89 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. The business’s 50 day moving average price is $273.52 and its two-hundred day moving average price is $279.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, analysts forecast that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. Chubb’s payout ratio is 16.02%.

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.