Accurate Wealth Management LLC Sells 1,666 Shares of Chubb Limited (NYSE:CB)

Accurate Wealth Management LLC lessened its stake in shares of Chubb Limited (NYSE:CB) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,142 shares of the financial services provider’s stock after selling 1,666 shares during the quarter. Accurate Wealth Management LLC’s holdings in Chubb were worth $2,356,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CB. Continuum Advisory LLC boosted its holdings in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. bought a new stake in Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the third quarter worth about $29,000. Raelipskie Partnership bought a new position in Chubb during the third quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb during the third quarter valued at approximately $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

CB stock opened at $265.54 on Wednesday. Chubb Limited has a 1-year low of $226.06 and a 1-year high of $302.05. 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 firm has a market cap of $107.04 billion, a PE ratio of 10.87, a P/E/G ratio of 6.43 and a beta of 0.67. The business’s 50-day moving average price is $278.46 and its two-hundred day moving average price is $278.16.

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, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the prior year, the company earned $4.95 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is 14.91%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CB. Barclays cut their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JMP Securities raised their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Evercore ISI increased 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. Finally, Wells Fargo & Company dropped their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Chubb has an average rating of “Hold” and an average target price of $288.17.

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.