Barry Investment Advisors LLC Has $228,000 Position in Chubb Limited (NYSE:CB)

Barry Investment Advisors LLC reduced its position in shares of Chubb Limited (NYSE:CB) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 821 shares of the financial services provider’s stock after selling 176 shares during the quarter. Barry Investment Advisors LLC’s holdings in Chubb were worth $228,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of Chubb in the second quarter worth $459,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Chubb by 1.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 25,696 shares of the financial services provider’s stock worth $6,555,000 after acquiring an additional 486 shares during the last quarter. Invst LLC acquired a new position in shares of Chubb in the second quarter worth $220,000. Regal Investment Advisors LLC acquired a new position in shares of Chubb in the second quarter worth $209,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Chubb in the second quarter worth $32,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CB shares. Morgan Stanley upped their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Evercore ISI increased their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler increased their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Down 1.5 %

NYSE CB opened at $272.46 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50-day simple moving average of $276.00 and a 200 day simple moving average of $279.12. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The stock has a market cap of $109.83 billion, a PE ratio of 11.16, a PEG ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. On average, research analysts forecast that Chubb Limited will post 21.95 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is presently 14.91%.

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.