Walter & Keenan Wealth Management LLC IN ADV Sells 1,936 Shares of Chubb Limited (NYSE:CB)

Walter & Keenan Wealth Management LLC IN ADV trimmed its position in shares of Chubb Limited (NYSE:CB) by 32.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,977 shares of the financial services provider’s stock after selling 1,936 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Chubb were worth $1,099,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CB. Soltis Investment Advisors LLC increased its stake in shares of Chubb by 7.5% in the 4th quarter. Soltis Investment Advisors LLC now owns 1,358 shares of the financial services provider’s stock worth $375,000 after acquiring an additional 95 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Chubb in the fourth quarter worth about $90,000. Angeles Wealth Management LLC increased its stake in shares of Chubb by 33.6% during the fourth quarter. Angeles Wealth Management LLC now owns 1,649 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 415 shares in the last quarter. Stiles Financial Services Inc lifted its holdings in shares of Chubb by 20.6% during the fourth quarter. Stiles Financial Services Inc now owns 3,165 shares of the financial services provider’s stock valued at $875,000 after purchasing an additional 541 shares during the last quarter. Finally, Washburn Capital Management Inc. bought a new stake in shares of Chubb in the 4th quarter worth approximately $583,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 1.0 %

NYSE:CB opened at $270.14 on Monday. The company has a 50 day simple moving average of $273.52 and a two-hundred day simple moving average of $279.67. The company has a market cap of $108.89 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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 forecast that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared 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. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Morgan Stanley raised their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $295.73.

Chubb 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.