International Assets Investment Management LLC Sells 931,870 Shares of Chubb Limited (NYSE:CB)

International Assets Investment Management LLC cut its position in shares of Chubb Limited (NYSE:CB - Free Report) by 99.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,197 shares of the financial services provider's stock after selling 931,870 shares during the quarter. International Assets Investment Management LLC's holdings in Chubb were worth $871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its stake in shares of Chubb by 21.2% in the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider's stock worth $3,279,000 after acquiring an additional 2,250 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb during the second quarter valued at approximately $28,000. Acadian Asset Management LLC bought a new stake in shares of Chubb during the second quarter valued at approximately $2,932,000. Ashton Thomas Private Wealth LLC raised its holdings in Chubb by 4.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 1,926 shares of the financial services provider's stock worth $491,000 after acquiring an additional 89 shares during the last quarter. Finally, PFG Investments LLC lifted its position in Chubb by 40.2% in the 2nd quarter. PFG Investments LLC now owns 2,279 shares of the financial services provider's stock valued at $581,000 after acquiring an additional 654 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE:CB traded down $8.78 during trading on Friday, hitting $257.87. 4,170,062 shares of the company's stock were exchanged, compared to its average volume of 2,214,542. The business's 50-day simple moving average is $279.37 and its 200 day simple moving average is $277.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 52-week low of $224.74 and a 52-week high of $302.05. The company has a market cap of $103.95 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.95 earnings per share. As a group, equities analysts predict that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.41%. Chubb's dividend payout ratio (DPR) is 14.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CB. JPMorgan Chase & Co. boosted their price target on Chubb from $294.00 to $296.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. JMP Securities boosted their target price on Chubb from $300.00 to $325.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 30th. 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 report on Monday. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley raised their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $286.58.

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.