First Affirmative Financial Network Sells 74 Shares of Chubb Limited (NYSE:CB)

First Affirmative Financial Network trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,887 shares of the financial services provider’s stock after selling 74 shares during the quarter. First Affirmative Financial Network’s holdings in Chubb were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after acquiring an additional 1,052,999 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after purchasing an additional 931,841 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Chubb by 4,559.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock valued at $243,641,000 after buying an additional 826,700 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after buying an additional 389,343 shares during the last quarter. Finally, Barclays PLC boosted its stake in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CB has been the subject of a number of recent research reports. 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. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Bank of America raised their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company reduced their price target on 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 issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $288.39.

Chubb Price Performance

CB opened at $276.05 on Thursday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a market cap of $111.27 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. 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 $275.77 and a two-hundred day simple moving average of $279.22.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Research analysts predict that Chubb Limited will post 21.95 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, December 13th. 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.