SG Americas Securities LLC Sells 120,595 Shares of Chubb Limited (NYSE:CB)

SG Americas Securities LLC reduced its position in shares of Chubb Limited (NYSE:CB) by 70.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 50,634 shares of the financial services provider’s stock after selling 120,595 shares during the quarter. SG Americas Securities LLC’s holdings in Chubb were worth $13,990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Continuum Advisory LLC lifted its position in 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. bought a new stake in Chubb in the third quarter worth $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the third quarter worth $29,000. Raelipskie Partnership bought a new stake in Chubb in the third quarter worth $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb in the third quarter worth $30,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

CB opened at $266.21 on Friday. The business’s 50-day moving average is $277.08 and its two-hundred day moving average is $278.64. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. 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 firm has a market capitalization of $107.31 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 7.24 and a beta of 0.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating 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 company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the previous year, the firm earned $4.95 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts anticipate that Chubb Limited will post 22 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid 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 1.37%. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JMP Securities increased their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Jefferies Financial Group increased their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Piper Sandler increased their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $288.17.

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.