Pinnacle Wealth Management Advisory Group LLC Cuts Stock Position in Chubb Limited (NYSE:CB)

Pinnacle Wealth Management Advisory Group LLC cut its position in Chubb Limited (NYSE:CB) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,686 shares of the financial services provider’s stock after selling 60 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Chubb were worth $466,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Stratos Wealth Advisors LLC purchased a new position in Chubb during the 3rd quarter worth $252,000. Moss Adams Wealth Advisors LLC purchased a new stake in shares of Chubb during the third quarter worth about $245,000. Blue Trust Inc. increased its holdings in shares of Chubb by 56.5% during the third quarter. Blue Trust Inc. now owns 4,550 shares of the financial services provider’s stock valued at $1,312,000 after acquiring an additional 1,642 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in shares of Chubb by 10.0% during the third quarter. Capital Investment Advisors LLC now owns 2,075 shares of the financial services provider’s stock valued at $598,000 after acquiring an additional 189 shares in the last quarter. Finally, Chicago Capital LLC boosted its stake in Chubb by 2.7% in the 3rd quarter. Chicago Capital LLC now owns 5,697 shares of the financial services provider’s stock worth $1,643,000 after purchasing an additional 148 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CB. Evercore ISI upped their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company dropped their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb Trading Down 1.2 %

CB stock opened at $264.49 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company’s 50-day simple moving average is $271.54 and its 200-day simple moving average is $279.61. The firm has a market cap of $106.62 billion, a P/E ratio of 11.64, a PEG ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities analysts forecast that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is presently 16.02%.

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.