MRA Advisory Group Sells 130 Shares of Chubb Limited (NYSE:CB)

MRA Advisory Group reduced its stake in shares of Chubb Limited (NYSE:CB) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,275 shares of the financial services provider’s stock after selling 130 shares during the quarter. MRA Advisory Group’s holdings in Chubb were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Greenfield Savings Bank lifted its stake in shares of Chubb by 7.1% during the 4th quarter. Greenfield Savings Bank now owns 2,594 shares of the financial services provider’s stock worth $717,000 after acquiring an additional 171 shares during the last quarter. Cullen Investment Group LTD. lifted its position in shares of Chubb by 1.9% in the 4th quarter. Cullen Investment Group LTD. now owns 20,514 shares of the financial services provider’s stock worth $5,668,000 after purchasing an additional 386 shares during the period. Exeter Financial LLC boosted its position in Chubb by 0.8% during the 4th quarter. Exeter Financial LLC now owns 5,763 shares of the financial services provider’s stock valued at $1,592,000 after acquiring an additional 45 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in Chubb by 17.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 3,119 shares of the financial services provider’s stock valued at $862,000 after purchasing an additional 464 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its position in Chubb by 552.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 6,390 shares of the financial services provider’s stock valued at $1,766,000 after acquiring an additional 5,411 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Up 1.6 %

Shares of CB stock opened at $261.74 on Tuesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $226.06 and a twelve month high of $302.05. The company’s 50-day moving average price is $278.69 and its 200-day moving average price is $278.09. The stock has a market cap of $105.51 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share 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 net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.95 EPS. As a group, equities analysts predict that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.39%. Chubb’s dividend payout ratio (DPR) is 14.91%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JMP Securities lifted their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley lifted their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $288.39.

About Chubb

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.