LVW Advisors LLC Sells 198 Shares of Chubb Limited (NYSE:CB)

LVW Advisors LLC decreased its position in shares of Chubb Limited (NYSE:CB) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,556 shares of the financial services provider’s stock after selling 198 shares during the period. LVW Advisors LLC’s holdings in Chubb were worth $3,193,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. RoundAngle Advisors LLC purchased a new position in shares of Chubb in the fourth quarter valued at about $1,049,000. Grove Bank & Trust lifted its holdings in Chubb by 11.6% in the 4th quarter. Grove Bank & Trust now owns 3,902 shares of the financial services provider’s stock worth $1,078,000 after purchasing an additional 405 shares in the last quarter. Delta Capital Management LLC lifted its holdings in Chubb by 0.4% in the 4th quarter. Delta Capital Management LLC now owns 13,487 shares of the financial services provider’s stock worth $3,726,000 after purchasing an additional 50 shares in the last quarter. Sandy Cove Advisors LLC boosted its stake in Chubb by 6.7% in the 4th quarter. Sandy Cove Advisors LLC now owns 2,070 shares of the financial services provider’s stock worth $572,000 after purchasing an additional 130 shares during the period. Finally, Bowman & Co S.C. grew its holdings in Chubb by 1.7% during the 4th quarter. Bowman & Co S.C. now owns 8,374 shares of the financial services provider’s stock valued at $2,314,000 after buying an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of several research analyst reports. JMP Securities boosted their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Evercore ISI increased 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. Piper Sandler lifted their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Jefferies Financial Group increased their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Performance

Chubb stock opened at $269.38 on Monday. Chubb Limited has a 1-year low of $226.74 and a 1-year high of $302.05. The company’s 50-day moving average is $277.89 and its 200 day moving average is $278.32. The firm has a market capitalization of $108.59 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $4.95 EPS. Research analysts forecast that Chubb Limited will post 21.93 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is presently 14.91%.

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.