Global Trust Asset Management LLC Decreases Stock Holdings in Chubb Limited (NYSE:CB)

Global Trust Asset Management LLC lowered its holdings in Chubb Limited (NYSE:CB) by 44.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 531 shares of the financial services provider’s stock after selling 417 shares during the period. Global Trust Asset Management LLC’s holdings in Chubb were worth $147,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Missouri Trust & Investment Co grew its position in shares of Chubb by 8.3% during the 4th quarter. Missouri Trust & Investment Co now owns 3,378 shares of the financial services provider’s stock valued at $933,000 after acquiring an additional 260 shares during the period. Dakota Wealth Management grew its holdings in Chubb by 67.8% during the fourth quarter. Dakota Wealth Management now owns 28,399 shares of the financial services provider’s stock valued at $7,847,000 after purchasing an additional 11,474 shares during the period. Nisa Investment Advisors LLC grew its holdings in Chubb by 259.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 321,094 shares of the financial services provider’s stock valued at $89,005,000 after purchasing an additional 231,791 shares during the period. Genesis Private Wealth LLC purchased a new stake in Chubb in the fourth quarter worth $248,000. Finally, Simon Quick Advisors LLC raised its stake in shares of Chubb by 11.1% in the fourth quarter. Simon Quick Advisors LLC now owns 1,741 shares of the financial services provider’s stock valued at $481,000 after buying an additional 174 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CB. JPMorgan Chase & Co. lifted 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. JMP Securities lifted their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company dropped 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 note on Tuesday, January 14th. Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler increased their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Down 0.2 %

Shares of Chubb stock opened at $268.21 on Thursday. Chubb Limited has a twelve month low of $238.85 and a twelve month 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. The company’s 50 day moving average is $277.39 and its 200 day moving average is $278.72. The company has a market cap of $108.11 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 7.29 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings data 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 firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.95 EPS. Research analysts anticipate that Chubb Limited will post 22 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

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.