TCI Wealth Advisors Inc. Sells 116 Shares of Chubb Limited (NYSE:CB)

TCI Wealth Advisors Inc. lessened its position in shares of Chubb Limited (NYSE:CB) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 950 shares of the financial services provider’s stock after selling 116 shares during the period. TCI Wealth Advisors Inc.’s holdings in Chubb were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Continuum Advisory LLC lifted its holdings in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new position in Chubb during the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new position in Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership acquired a new stake in Chubb in the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb during the third quarter worth $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CB shares. Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday. Morgan Stanley boosted their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $289.83.

Chubb Trading Down 1.0 %

Shares of CB stock opened at $272.01 on Friday. The company has a market cap of $109.65 billion, a P/E ratio of 11.97, a PEG ratio of 7.45 and a beta of 0.67. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The stock has a 50 day simple moving average of $275.42 and a two-hundred day simple moving average of $279.17. 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 (NYSE:CB) last released 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 net margin of 16.63% and a return on equity of 13.86%. Research analysts forecast that Chubb Limited will post 22.86 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.34%. Chubb’s dividend payout ratio (DPR) is presently 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.