Stratos Wealth Partners LTD. decreased its stake in Chubb Ltd (NYSE:CB) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,120 shares of the financial services provider’s stock after selling 176 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Chubb were worth $717,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Claybrook Capital LLC purchased a new stake in shares of Chubb during the fourth quarter worth about $25,000. Gradient Investments LLC grew its position in shares of Chubb by 260.0% during the fourth quarter. Gradient Investments LLC now owns 216 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 156 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its position in shares of Chubb by 114.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 117 shares in the last quarter. Executive Wealth Management LLC purchased a new stake in shares of Chubb during the fourth quarter worth about $29,000. Finally, Sageworth Trust Co purchased a new stake in shares of Chubb during the first quarter worth about $29,000. Institutional investors and hedge funds own 88.96% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research raised Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays increased their price target on Chubb from $160.00 to $167.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Co reissued a “buy” rating and set a $157.00 price target on shares of Chubb in a research note on Tuesday, April 30th. Morgan Stanley lowered Chubb from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Sandler O’Neill lowered Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $150.67.
Shares of NYSE:CB traded up $0.90 during trading on Wednesday, hitting $147.11. The company had a trading volume of 12,424 shares, compared to its average volume of 1,501,033. The firm has a market capitalization of $66.39 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.38 and a beta of 0.82. Chubb Ltd has a one year low of $119.54 and a one year high of $146.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31.
Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.05. The business had revenue of $8.01 billion during the quarter, compared to analyst estimates of $7.55 billion. Chubb had a return on equity of 8.76% and a net margin of 11.55%. During the same period last year, the company earned $2.34 EPS. As a group, analysts expect that Chubb Ltd will post 10.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 21st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.04%. This is a positive change from Chubb’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, June 20th. Chubb’s dividend payout ratio (DPR) is presently 30.93%.
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Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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