Gilliland Jeter Wealth Management LLC Has $1.83 Million Stock Holdings in Chubb Limited (NYSE:CB)

Gilliland Jeter Wealth Management LLC lessened its stake in Chubb Limited (NYSE:CB) by 1.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,635 shares of the financial services provider’s stock after selling 104 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Chubb were worth $1,833,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. grew its position in Chubb by 9.1% in the fourth quarter. Global X Japan Co. Ltd. now owns 1,770 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 148 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its position in Chubb by 0.7% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 57,551 shares of the financial services provider’s stock worth $15,901,000 after acquiring an additional 413 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Chubb by 4.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,407 shares of the financial services provider’s stock worth $14,204,000 after acquiring an additional 2,249 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Chubb in the fourth quarter worth approximately $30,000. Finally, Oakworth Capital Inc. grew its position in Chubb by 16.6% in the fourth quarter. Oakworth Capital Inc. now owns 1,875 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 267 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CB shares. Barclays decreased their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Bank of America upped their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Finally, Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 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 company. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $295.73.

Chubb Trading Down 0.0 %

Shares of CB stock opened at $272.79 on Friday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The stock has a market cap of $109.96 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 3.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a fifty day moving average of $274.24 and a 200-day moving average of $279.54.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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 21.91 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is 16.02%.

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.