Mycio Wealth Partners LLC Has $259.61 Million Stake in Chubb Limited (NYSE:CB)

Mycio Wealth Partners LLC lessened its stake in shares of Chubb Limited (NYSE:CB) by 0.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 939,579 shares of the financial services provider’s stock after selling 4,261 shares during the period. Chubb accounts for about 62.2% of Mycio Wealth Partners LLC’s holdings, making the stock its biggest holding. Mycio Wealth Partners LLC’s holdings in Chubb were worth $259,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock valued at $102,840,000 after purchasing an additional 130,629 shares in the last quarter. Czech National Bank boosted its holdings in Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after buying an additional 4,757 shares in the last quarter. Barclays PLC grew its position 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 during the last quarter. Moloney Securities Asset Management LLC increased its holdings in shares of Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after buying an additional 1,905 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new stake in shares of Chubb during the 3rd quarter valued at $721,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $265.07 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company’s fifty day moving average is $272.29 and its 200-day moving average is $279.72. The firm has a market cap of $106.85 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts expect that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 yield of 1.37%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is 16.02%.

Analyst Ratings Changes

CB has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Evercore ISI lifted their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Barclays dropped their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $295.73.

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.