Sigma Planning Corp Trims Position in Chubb Limited (NYSE:CB)

Sigma Planning Corp trimmed its position in shares of Chubb Limited (NYSE:CB - Free Report) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,628 shares of the financial services provider's stock after selling 947 shares during the period. Sigma Planning Corp's holdings in Chubb were worth $1,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its holdings in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb in the 3rd quarter valued at $29,000. Raelipskie Partnership acquired a new stake in Chubb during the 3rd quarter worth $29,000. Sierra Ocean LLC purchased a new stake in Chubb in the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb during the third quarter worth about $30,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Price Performance

Shares of CB stock traded up $3.65 during midday trading on Friday, reaching $285.34. 2,528,690 shares of the company traded hands, compared to its average volume of 1,705,189. The firm's 50 day simple moving average is $270.77 and its two-hundred day simple moving average is $279.61. The firm has a market cap of $115.02 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

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

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb's dividend payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CB. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $295.73.

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.