Kingswood Wealth Advisors LLC Decreases Holdings in Chubb Limited (NYSE:CB)

Kingswood Wealth Advisors LLC decreased its position in shares of Chubb Limited (NYSE:CB) by 81.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,628 shares of the financial services provider’s stock after selling 7,101 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Chubb were worth $450,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Continuum Advisory LLC lifted its stake 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 buying an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership purchased a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb in the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a research note on Thursday. 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 note on Tuesday, January 14th. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $289.78.

Chubb Trading Down 0.4 %

NYSE:CB opened at $274.76 on Friday. The business’s 50-day moving average is $275.63 and its two-hundred day moving average is $279.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The firm has a market capitalization of $110.76 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67.

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

Chubb Announces Dividend

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