Sound View Wealth Advisors Group LLC Purchases 46 Shares of Chubb Limited (NYSE:CB)

Sound View Wealth Advisors Group LLC increased its position in shares of Chubb Limited (NYSE:CB) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,876 shares of the financial services provider’s stock after purchasing an additional 46 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Chubb were worth $518,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Amundi grew its stake in shares of Chubb by 8.1% during the fourth quarter. Amundi now owns 1,308,179 shares of the financial services provider’s stock valued at $348,826,000 after buying an additional 97,705 shares during the last quarter. Naviter Wealth LLC purchased a new position in Chubb during the 4th quarter valued at $276,000. Marble Harbor Investment Counsel LLC grew its position in Chubb by 4.3% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 14,021 shares of the financial services provider’s stock valued at $3,874,000 after acquiring an additional 575 shares during the last quarter. Larson Financial Group LLC increased its stake in Chubb by 19.1% in the fourth quarter. Larson Financial Group LLC now owns 673 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 108 shares during the period. Finally, AMF Tjanstepension AB bought a new stake in shares of Chubb during the fourth quarter worth $23,682,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $299.27.

Chubb Stock Up 0.1 %

NYSE:CB opened at $286.52 on Monday. 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 stock has a market capitalization of $114.73 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.66. The company’s 50-day simple moving average is $272.01 and its 200-day simple moving average is $280.36. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05.

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

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

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.