Legacy Capital Wealth Partners LLC Decreases Holdings in Chubb Limited (NYSE:CB)

Legacy Capital Wealth Partners LLC trimmed its position in shares of Chubb Limited (NYSE:CB) by 52.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,853 shares of the financial services provider’s stock after selling 3,152 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Chubb were worth $788,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CB. Continuum Advisory LLC raised its holdings in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership purchased a new position in Chubb in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC bought a new stake in Chubb in the third quarter valued at approximately $30,000. Finally, Strategic Financial Concepts LLC bought a new stake in Chubb in the fourth quarter valued at approximately $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CB shares. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Evercore ISI boosted their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lowered their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report 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. Finally, Barclays lowered their price objective on 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 given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $295.73.

Chubb Price Performance

Shares of CB stock opened at $264.49 on Friday. The stock has a market cap of $106.62 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 3.41 and a beta of 0.67. The business’s fifty day moving average is $271.54 and its 200 day moving average is $279.59. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. 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 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%. Research analysts expect that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Dividend Announcement

The company 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 was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.38%. 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.