apricus wealth LLC Sells 60 Shares of Chubb Limited (NYSE:CB)

apricus wealth LLC cut its holdings in Chubb Limited (NYSE:CB) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,344 shares of the financial services provider’s stock after selling 60 shares during the period. Chubb makes up approximately 1.9% of apricus wealth LLC’s portfolio, making the stock its 21st biggest position. apricus wealth LLC’s holdings in Chubb were worth $2,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CB. Continuum Advisory LLC raised its holdings in shares of 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 acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. purchased a new stake in shares of Chubb in the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the 3rd quarter valued at $29,000. Raelipskie Partnership purchased a new position in Chubb during the 3rd quarter worth $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the 3rd quarter worth $30,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Wells Fargo & Company cut their target price 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. Jefferies Financial Group boosted their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Morgan Stanley increased their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $288.17.

Chubb Price Performance

CB stock opened at $266.71 on Friday. The firm has a 50 day simple moving average of $276.67 and a two-hundred day simple moving average of $278.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $107.51 billion, a PE ratio of 10.92, a P/E/G ratio of 7.23 and a beta of 0.67. Chubb Limited has a one year low of $238.85 and a one year high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period last year, the firm posted $4.95 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. Chubb’s dividend payout ratio is currently 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.