Chubb Limited (NYSE:CB) Shares Bought by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 4.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,561 shares of the financial services provider’s stock after purchasing an additional 265 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Chubb were worth $1,981,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sunflower Bank N.A. grew its holdings in Chubb by 4.4% during the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 38 shares during the period. Tandem Wealth Advisors LLC boosted its position in Chubb by 3.0% in the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 40 shares in the last quarter. Unison Advisors LLC grew its stake in shares of Chubb by 0.3% during the 4th quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $3,742,000 after purchasing an additional 41 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Chubb by 1.6% during the 4th quarter. Lindbrook Capital LLC now owns 2,716 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 42 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its holdings in shares of Chubb by 1.7% during the 4th quarter. Sage Mountain Advisors LLC now owns 2,467 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a “buy” rating to a “hold” rating and set a $303.00 price target on the stock. in a report on Tuesday, May 20th. Wells Fargo & Company upped their price objective on shares of Chubb from $268.00 to $278.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their target price on Chubb from $316.00 to $314.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group lifted their price target on Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Finally, Barclays reduced their price target on Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $307.53.

Chubb Stock Performance

NYSE CB opened at $285.54 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock’s 50 day simple moving average is $287.17 and its 200-day simple moving average is $281.77. The company has a market cap of $114.42 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 3.36 and a beta of 0.54. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.36%. Chubb’s payout ratio is presently 18.67%.

Chubb announced that its board has authorized a stock repurchase plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Chubb

In other Chubb news, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at $5,820,978.04. This trade represents a 3.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction 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 transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,619 shares of company stock valued at $35,758,738. Corporate insiders own 0.77% 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.