Asset Advisors Investment Management LLC Sells 1,010 Shares of Chubb Limited (NYSE:CB)

Asset Advisors Investment Management LLC lowered its position in Chubb Limited (NYSE:CB - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,969 shares of the financial services provider's stock after selling 1,010 shares during the quarter. Chubb accounts for approximately 1.8% of Asset Advisors Investment Management LLC's holdings, making the stock its 18th biggest holding. Asset Advisors Investment Management LLC's holdings in Chubb were worth $17,398,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in shares of Chubb by 28.7% in the third quarter. Private Advisor Group LLC now owns 16,547 shares of the financial services provider's stock valued at $4,772,000 after buying an additional 3,694 shares during the last quarter. Country Club Bank raised its holdings in Chubb by 28.4% in the 3rd quarter. Country Club Bank now owns 1,470 shares of the financial services provider's stock valued at $426,000 after acquiring an additional 325 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Chubb by 9.0% during the 3rd quarter. Allworth Financial LP now owns 9,923 shares of the financial services provider's stock worth $2,862,000 after purchasing an additional 823 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Chubb by 3.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,531 shares of the financial services provider's stock worth $11,157,000 after purchasing an additional 1,112 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its position in shares of Chubb by 58.1% in the third quarter. Arkadios Wealth Advisors now owns 2,658 shares of the financial services provider's stock valued at $766,000 after purchasing an additional 977 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 3.0 %

Shares of CB stock traded up $8.33 on Thursday, reaching $281.99. 1,630,843 shares of the company's stock traded hands, compared to its average volume of 1,684,680. Chubb Limited has a 12-month low of $238.85 and a 12-month 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 0.25. The company has a market capitalization of $113.67 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The business's 50 day moving average price is $270.60 and its two-hundred day moving average price is $279.59.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. Chubb's payout ratio is 16.02%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Evercore ISI boosted their target price on shares of Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Finally, Barclays lowered their price objective on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $295.73.

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.