Wedbush Securities Inc. Boosts Stake in Chubb Limited (NYSE:CB)

Wedbush Securities Inc. lifted its holdings in Chubb Limited (NYSE:CB) by 18.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,064 shares of the financial services provider’s stock after buying an additional 2,496 shares during the period. Wedbush Securities Inc.’s holdings in Chubb were worth $4,438,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investidor Profissional Gestao de Recursos Ltda. bought a new position in Chubb in the 4th quarter valued at $218,000. Envestnet Asset Management Inc. increased its holdings in Chubb by 5.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,150,039 shares of the financial services provider’s stock worth $317,756,000 after buying an additional 56,426 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in Chubb during the fourth quarter worth about $3,177,000. Dynamic Technology Lab Private Ltd bought a new stake in Chubb in the fourth quarter worth about $297,000. Finally, KCM Investment Advisors LLC grew its position in shares of Chubb by 1.8% during the 4th quarter. KCM Investment Advisors LLC now owns 16,627 shares of the financial services provider’s stock valued at $4,594,000 after acquiring an additional 299 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CB. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company lowered their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $303.14.

Chubb Price Performance

Shares of NYSE CB opened at $280.74 on Friday. The stock’s 50-day simple moving average is $282.25 and its two-hundred day simple moving average is $281.81. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. The firm has a market capitalization of $112.41 billion, a P/E ratio of 12.36, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.30%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Activity

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction 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 directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is currently owned by insiders.

Chubb Company 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.