Dynamic Advisor Solutions LLC Reduces Stock Position in Chubb Limited (NYSE:CB)

Dynamic Advisor Solutions LLC trimmed its stake in shares of Chubb Limited (NYSE:CB) by 9.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,416 shares of the financial services provider’s stock after selling 835 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Chubb were worth $2,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. FMR LLC lifted its holdings in shares of Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after buying an additional 1,052,999 shares during the period. International Assets Investment Management LLC lifted its holdings in Chubb by 28,885.3% in the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after acquiring an additional 931,841 shares during the period. Assenagon Asset Management S.A. boosted its position in Chubb by 4,559.3% in the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock worth $243,641,000 after purchasing an additional 826,700 shares during the last quarter. Troy Asset Management Ltd bought a new stake in shares of Chubb during the 2nd quarter valued at about $106,975,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Chubb by 49.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after purchasing an additional 389,343 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Jefferies Financial Group upped their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company cut their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Performance

Shares of NYSE CB opened at $266.71 on Friday. The company has a market cap of $107.51 billion, a P/E ratio of 10.92, a P/E/G ratio of 7.23 and a beta of 0.67. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s fifty day moving average is $276.24 and its two-hundred day moving average is $278.65.

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

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. Chubb’s dividend payout ratio is currently 14.91%.

Chubb 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.