Wealth Enhancement Advisory Services LLC Has $96.89 Million Stock Position in Chubb Limited $CB

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 17.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 334,970 shares of the financial services provider’s stock after purchasing an additional 50,281 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.08% of Chubb worth $96,887,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Chubb in the 2nd quarter worth $1,195,137,000. Bank of America Corp DE raised its holdings in shares of Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after acquiring an additional 513,852 shares during the period. London Co. of Virginia lifted its position in Chubb by 211.0% in the 2nd quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after acquiring an additional 500,116 shares in the last quarter. Altrinsic Global Advisors LLC boosted its stake in Chubb by 46.9% in the 2nd quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock worth $403,535,000 after purchasing an additional 444,557 shares during the period. Finally, Troy Asset Management Ltd increased its holdings in Chubb by 89.1% during the 2nd quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock worth $229,872,000 after purchasing an additional 373,872 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the sale, the insider owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the transaction, the executive vice president owned 12,660 shares of the company’s stock, valued at $3,749,512.20. This trade represents a 45.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 in the last ninety days. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CB. Wells Fargo & Company upped their price objective on Chubb from $293.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $354.00 price objective for the company in a research note on Friday. Finally, Evercore ISI reiterated an “outperform” rating and set a $346.00 target price on shares of Chubb in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chubb currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.81.

Chubb Stock Performance

Shares of NYSE CB traded up $1.06 during trading hours on Tuesday, reaching $301.83. 128,009 shares of the stock were exchanged, compared to its average volume of 1,490,296. The stock’s fifty day simple moving average is $303.46 and its 200 day simple moving average is $286.07. The firm has a market capitalization of $118.79 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 3.15 and a beta of 0.51. Chubb Limited has a 52 week low of $263.14 and a 52 week high of $316.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.72 earnings per share. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio is presently 16.19%.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.