Monarch Capital Management Inc. Sells 48 Shares of Chubb Limited (NYSE:CB)

Monarch Capital Management Inc. reduced its position in shares of Chubb Limited (NYSE:CB) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,906 shares of the financial services provider’s stock after selling 48 shares during the period. Monarch Capital Management Inc.’s holdings in Chubb were worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. Intech Investment Management LLC increased its position in Chubb by 16.8% during the 2nd quarter. Intech Investment Management LLC now owns 13,018 shares of the financial services provider’s stock valued at $3,321,000 after purchasing an additional 1,876 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Chubb by 8.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 44,453 shares of the financial services provider’s stock valued at $11,339,000 after buying an additional 3,454 shares in the last quarter. Bridges Investment Management Inc. bought a new position in shares of Chubb in the 2nd quarter worth $1,259,000. AE Wealth Management LLC lifted its stake in shares of Chubb by 52.8% in the second quarter. AE Wealth Management LLC now owns 3,467 shares of the financial services provider’s stock valued at $884,000 after buying an additional 1,198 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Chubb by 2.0% in the second quarter. Pacer Advisors Inc. now owns 38,052 shares of the financial services provider’s stock valued at $9,706,000 after purchasing an additional 760 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $288.17.

Chubb Stock Down 1.5 %

Shares of NYSE:CB opened at $269.38 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $277.89 and a two-hundred day simple moving average of $278.16. Chubb Limited has a 12-month low of $226.74 and a 12-month high of $302.05. The stock has a market capitalization of $108.59 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 5.65 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $4.95 EPS. On average, research analysts anticipate that Chubb Limited will post 21.93 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors 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 of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 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.