E&G Advisors LP lessened its stake in Chubb Ltd (NYSE:CB) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,310 shares of the financial services provider’s stock after selling 533 shares during the period. E&G Advisors LP’s holdings in Chubb were worth $557,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CB. Moody National Bank Trust Division bought a new position in shares of Chubb during the fourth quarter worth about $37,000. Belpointe Asset Management LLC acquired a new stake in Chubb in the third quarter worth about $100,000. ELM Advisors LLC acquired a new stake in Chubb in the third quarter worth about $103,000. Legacy Financial Advisors Inc. lifted its holdings in Chubb by 33.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 780 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 194 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. acquired a new stake in Chubb in the 3rd quarter valued at about $113,000. Institutional investors and hedge funds own 87.58% of the company’s stock.

CB opened at $132.86 on Friday. The firm has a market capitalization of $61.27 billion, a P/E ratio of 12.54, a PEG ratio of 1.21 and a beta of 0.91. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. Chubb Ltd has a 1 year low of $119.54 and a 1 year high of $157.50.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.02. Chubb had a return on equity of 9.71% and a net margin of 15.37%. The business had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same quarter in the prior year, the firm earned ($0.13) EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, research analysts expect that Chubb Ltd will post 9.51 EPS for the current fiscal year.

Chubb announced that its board has initiated a share buyback program on Thursday, November 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 11th. Investors of record on Friday, December 21st were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, December 20th. This represents a $2.92 annualized dividend and a dividend yield of 2.20%. Chubb’s payout ratio is 36.36%.

In other Chubb news, Director Michael G. Atieh sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $133.27, for a total value of $159,924.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 1,242 shares of company stock worth $165,544. 0.44% of the stock is owned by corporate insiders.

CB has been the topic of a number of research reports. Wells Fargo & Co reiterated a “buy” rating and issued a $169.00 target price on shares of Chubb in a report on Wednesday, October 10th. Zacks Investment Research cut Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Citigroup decreased their target price on Chubb from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 12th. Morgan Stanley reduced their price objective on Chubb from $166.00 to $153.00 and set an “overweight” rating for the company in a research report on Wednesday, November 14th. Finally, Deutsche Bank raised their target price on Chubb from $122.00 to $123.00 and gave the stock a “sell” rating in a research report on Tuesday, December 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $156.70.

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About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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