Hobbs Group Advisors LLC Reduces Holdings in Chubb Limited (NYSE:CB)

by · The Cerbat Gem

Hobbs Group Advisors LLC lowered its position in Chubb Limited (NYSE:CB – Free Report) by 30.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 348 shares of the financial services provider’s stock after selling 150 shares during the quarter. Hobbs Group Advisors LLC’s holdings in Chubb were worth $100,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CB. Beacon Capital Management LLC boosted its holdings in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Chubb during the second quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb in the second quarter worth about $28,000. Continuum Advisory LLC increased 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 worth $28,000 after buying an additional 35 shares during the period. Finally, Kozak & Associates Inc. purchased a new position in Chubb in the 3rd quarter worth about $29,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group raised their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company lifted their target price on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Bank of America increased their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned 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.com, the company currently has a consensus rating of “Hold” and a consensus price target of $287.37.

Check Out Our Latest Analysis on CB

Chubb Stock Performance

Shares of CB stock opened at $276.33 on Thursday. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05. The business’s fifty day simple moving average is $286.31 and its 200-day simple moving average is $276.65. 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 company has a market cap of $111.39 billion, a PE ratio of 11.32, a PEG ratio of 6.59 and a beta of 0.67.

Chubb (NYSE:CB – Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.95 EPS. Analysts expect that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

About Chubb

(Free Report)

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.

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