BlueChip Wealth Advisors LLC Purchases 119 Shares of Chubb Limited (NYSE:CB)

BlueChip Wealth Advisors LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 14.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 921 shares of the financial services provider’s stock after buying an additional 119 shares during the quarter. BlueChip Wealth Advisors LLC’s holdings in Chubb were worth $254,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of Chubb by 146.7% in the 3rd quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 336 shares during the period. Truvestments Capital LLC bought a new position in Chubb in the third quarter worth approximately $30,000. Townsquare Capital LLC lifted its holdings in Chubb by 37.1% during the third quarter. Townsquare Capital LLC now owns 9,274 shares of the financial services provider’s stock worth $2,675,000 after buying an additional 2,511 shares during the period. CreativeOne Wealth LLC bought a new stake in Chubb during the 3rd quarter valued at $266,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Chubb by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,931 shares of the financial services provider’s stock valued at $49,583,000 after acquiring an additional 2,567 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chubb has an average rating of “Hold” and a consensus target price of $301.00.

Insider Activity

In other news, EVP Joseph F. Wayland sold 12,231 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the sale, the executive vice president now owns 78,422 shares of the company’s stock, valued at $23,120,374.04. The trade was a 13.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 over the last three months. 0.86% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of NYSE:CB opened at $296.36 on Friday. The company has a market cap of $118.67 billion, a PE ratio of 13.04, a price-to-earnings-growth 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 company’s 50 day moving average is $279.26 and its 200 day moving average is $281.50. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping 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, sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is currently 16.02%.

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.