Wick Capital Partners LLC Invests $1.05 Million in Chubb Limited $CB

Wick Capital Partners LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,366 shares of the financial services provider’s stock, valued at approximately $1,051,000.

Several other large investors have also made changes to their positions in CB. CBIZ Investment Advisory Services LLC lifted its stake in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in Chubb in the fourth quarter worth approximately $31,000. Ares Financial Consulting LLC acquired a new position in shares of Chubb during the 4th quarter worth $32,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Chubb during the 3rd quarter worth $31,000. Finally, Cherry Tree Wealth Management LLC raised its holdings in shares of Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by company insiders.

Chubb Price Performance

Shares of Chubb stock opened at $323.88 on Friday. The firm has a fifty day simple moving average of $324.87 and a 200-day simple moving average of $319.94. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The stock has a market capitalization of $125.62 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.68 and a beta of 0.41.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion during the quarter. On average, sell-side analysts expect that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Analysts Set New Price Targets

CB has been the subject of several analyst reports. Mizuho reduced their price objective on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Barclays lowered their target price on shares of Chubb from $375.00 to $368.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. BMO Capital Markets boosted their price target on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Citizens Jmp boosted their price target on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods upped their price target on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $349.10.

About Chubb

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.