DDD Partners LLC Sells 1,964 Shares of Chubb Limited (NYSE:CB)

DDD Partners LLC trimmed its position in Chubb Limited (NYSE:CB) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,321 shares of the financial services provider’s stock after selling 1,964 shares during the period. Chubb accounts for about 2.9% of DDD Partners LLC’s investment portfolio, making the stock its 7th biggest holding. DDD Partners LLC’s holdings in Chubb were worth $23,298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. J.W. Cole Advisors Inc. boosted its holdings in Chubb by 2.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 9,781 shares of the financial services provider’s stock worth $2,703,000 after purchasing an additional 208 shares during the period. Csenge Advisory Group boosted its holdings in shares of Chubb by 3.2% in the 4th quarter. Csenge Advisory Group now owns 4,270 shares of the financial services provider’s stock valued at $1,180,000 after buying an additional 133 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the 4th quarter valued at about $30,000. Allworth Financial LP grew its position in shares of Chubb by 551.9% during the 4th quarter. Allworth Financial LP now owns 64,684 shares of the financial services provider’s stock valued at $17,356,000 after buying an additional 54,761 shares during the last quarter. Finally, Principal Securities Inc. raised its stake in Chubb by 23.0% during the fourth quarter. Principal Securities Inc. now owns 13,864 shares of the financial services provider’s stock worth $3,831,000 after acquiring an additional 2,590 shares during the period. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Evercore ISI upped their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays dropped their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Morgan Stanley boosted their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Performance

CB opened at $264.49 on Monday. The business has a 50 day moving average price of $271.54 and a two-hundred day moving average price of $279.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company has a market capitalization of $106.62 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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%. Research analysts predict that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed 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 1.38%. Chubb’s dividend payout ratio is currently 16.02%.

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.