Wambolt & Associates LLC Purchases New Holdings in Chubb Limited (NYSE:CB)

Wambolt & Associates LLC acquired a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,585 shares of the financial services provider’s stock, valued at approximately $438,000.

A number of other institutional investors also recently made changes to their positions in CB. Ironwood Investment Counsel LLC raised its holdings in Chubb by 2.1% in the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 35 shares in the last quarter. Continuum Advisory LLC increased its position in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. First Financial Bank Trust Division raised its stake in shares of Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 37 shares in the last quarter. Rede Wealth LLC grew its stake in Chubb by 2.0% in the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 37 shares in the last quarter. Finally, Sfmg LLC increased its holdings in Chubb by 2.4% in the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider’s stock valued at $485,000 after buying an additional 40 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 0.0 %

Shares of Chubb stock opened at $291.52 on Tuesday. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a market cap of $116.73 billion, a P/E ratio of 12.83, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $277.16 and a 200 day moving average price of $281.22.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CB shares. Barclays decreased their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods increased their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average target price of $301.00.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,470 shares of company stock worth $18,562,730. 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.