Chubb Limited (NYSE:CB) Shares Sold by Sicart Associates LLC

Sicart Associates LLC decreased its position in shares of Chubb Limited (NYSE:CB) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,390 shares of the financial services provider’s stock after selling 120 shares during the quarter. Sicart Associates LLC’s holdings in Chubb were worth $385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Mirador Capital Partners LP purchased a new position in Chubb in the fourth quarter valued at approximately $1,219,000. RMR Wealth Builders lifted its stake in shares of Chubb by 2.5% in the 4th quarter. RMR Wealth Builders now owns 4,483 shares of the financial services provider’s stock valued at $1,239,000 after purchasing an additional 110 shares in the last quarter. BluePath Capital Management LLC increased its holdings in Chubb by 19.8% during the 4th quarter. BluePath Capital Management LLC now owns 4,531 shares of the financial services provider’s stock worth $1,186,000 after purchasing an additional 748 shares during the last quarter. Burney Co. increased its holdings in shares of Chubb by 8.1% in the 4th quarter. Burney Co. now owns 8,366 shares of the financial services provider’s stock valued at $2,312,000 after acquiring an additional 625 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Chubb by 62.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,178 shares of the financial services provider’s stock valued at $2,812,000 after purchasing an additional 3,917 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CB shares. JMP Securities boosted their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Evercore ISI increased their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Bank of America raised their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and an average target price of $288.17.

Chubb Trading Up 1.9 %

NYSE:CB opened at $273.49 on Friday. The stock has a market cap of $110.25 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 5.65 and a beta of 0.67. The company’s 50 day moving average price is $278.22 and its 200-day moving average price is $278.09. Chubb Limited has a 52 week low of $226.74 and a 52 week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

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

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.33%. Chubb’s payout ratio is 14.91%.

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.