Bristlecone Advisors LLC Decreases Stock Holdings in Chubb Limited $CB

Bristlecone Advisors LLC reduced its holdings in shares of Chubb Limited (NYSE:CB) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,011 shares of the financial services provider’s stock after selling 351 shares during the quarter. Bristlecone Advisors LLC’s holdings in Chubb were worth $3,480,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. GQG Partners LLC lifted its position in shares of Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Chubb by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock worth $840,756,000 after purchasing an additional 30,334 shares in the last quarter. Nuveen LLC acquired a new position in shares of Chubb during the first quarter worth $562,221,000. Finally, AQR Capital Management LLC lifted its position in shares of Chubb by 19.6% during the first quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock worth $423,826,000 after purchasing an additional 231,404 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Down 2.2%

CB opened at $275.39 on Wednesday. The stock has a market capitalization of $109.80 billion, a PE ratio of 11.49, a P/E/G ratio of 2.79 and a beta of 0.54. The firm’s fifty day moving average price is $277.85 and its 200 day moving average price is $280.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.34 and a quick ratio of 0.28. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. The firm had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.72 earnings per share. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s payout ratio is 16.19%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CB. UBS Group boosted their target price on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research report on Monday. Evercore ISI boosted their target price on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and reduced their target price for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Finally, Bank of America upped their price target on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $307.58.

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.