Yousif Capital Management LLC Lowers Stock Position in Chubb Limited (NYSE:CB)

Yousif Capital Management LLC cut its stake in shares of Chubb Limited (NYSE:CB) by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 85,682 shares of the financial services provider’s stock after selling 2,765 shares during the period. Yousif Capital Management LLC’s holdings in Chubb were worth $23,674,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Ironwood Investment Counsel LLC boosted its position in Chubb by 2.1% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 35 shares during the period. Continuum Advisory LLC boosted its position in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. First Financial Bank Trust Division boosted its position in Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 37 shares during the period. LVW Advisors LLC boosted its position in Chubb by 0.3% during the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after purchasing an additional 40 shares during the period. Finally, Wealth Effects LLC boosted its position in Chubb by 3.0% during the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 40 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE:CB opened at $272.31 on Wednesday. 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 Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm has a 50-day simple moving average of $274.91 and a 200 day simple moving average of $279.50. The company has a market cap of $109.77 billion, a PE ratio of 11.99, a P/E/G ratio of 3.35 and a beta of 0.67.

Chubb (NYSE:CB) last posted its earnings results 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 net margin of 16.63% and a return on equity of 13.75%. On average, sell-side analysts anticipate that Chubb Limited will post 21.91 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.34%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 16.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Wells Fargo & Company cut 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. Finally, Bank of America upped their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $290.12.

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.