Lantz Financial LLC Trims Stock Holdings in Chubb Limited (NYSE:CB)

Lantz Financial LLC lessened its position in shares of Chubb Limited (NYSE:CB) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 9,621 shares of the financial services provider’s stock after selling 83 shares during the quarter. Lantz Financial LLC’s holdings in Chubb were worth $2,658,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Continuum Advisory LLC boosted its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the last quarter. Kozak & Associates Inc. purchased a new stake in Chubb in the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb during the 3rd quarter worth approximately $29,000. Raelipskie Partnership purchased a new position in shares of Chubb during the 3rd quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb in the 3rd quarter valued at $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 0.1 %

Shares of CB opened at $266.71 on Friday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $276.24 and a two-hundred day simple moving average of $278.65. The company has a market capitalization of $107.51 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data 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. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $4.95 earnings per share. As a group, equities analysts forecast that Chubb Limited will post 21.95 EPS for the current year.

Chubb Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on CB. Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued 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 a consensus target price of $288.17.

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.