Schechter Investment Advisors LLC Has $2.12 Million Position in Chubb Limited (NYSE:CB)

Schechter Investment Advisors LLC lowered its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,675 shares of the financial services provider's stock after selling 994 shares during the period. Schechter Investment Advisors LLC's holdings in Chubb were worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stephens Inc. AR grew its position in shares of Chubb by 2.7% in the third quarter. Stephens Inc. AR now owns 9,876 shares of the financial services provider's stock valued at $2,848,000 after purchasing an additional 260 shares during the last quarter. Principal Securities Inc. grew its position in shares of Chubb by 2.0% in the third quarter. Principal Securities Inc. now owns 11,274 shares of the financial services provider's stock valued at $3,251,000 after purchasing an additional 222 shares during the last quarter. Weatherly Asset Management L. P. acquired a new stake in shares of Chubb in the third quarter valued at approximately $234,000. Chicago Partners Investment Group LLC grew its position in shares of Chubb by 24.5% in the third quarter. Chicago Partners Investment Group LLC now owns 2,018 shares of the financial services provider's stock valued at $595,000 after purchasing an additional 397 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its position in shares of Chubb by 579.7% in the third quarter. Argonautica Private Wealth Management Inc. now owns 10,828 shares of the financial services provider's stock valued at $3,123,000 after purchasing an additional 9,235 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

Chubb stock traded up $3.37 during midday trading on Wednesday, reaching $287.52. 1,974,889 shares of the stock traded hands, compared to its average volume of 1,719,438. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm has a market cap of $115.90 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 3.36 and a beta of 0.67. The firm has a fifty day moving average price of $271.67 and a two-hundred day moving average price of $280.11. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping 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 research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. Chubb's payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. 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, HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $299.27.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.86% of the company's stock.

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.