Chubb Limited $CB Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. grew its holdings in shares of Chubb Limited (NYSE:CB) by 20.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,245 shares of the financial services provider’s stock after purchasing an additional 3,473 shares during the period. Wedbush Securities Inc.’s holdings in Chubb were worth $5,714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Harbor Capital Advisors Inc. boosted its holdings in Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in shares of Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Chubb in the 2nd quarter worth $32,000. Cornerstone Planning Group LLC raised its position in shares of Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb during the third quarter valued at $34,000. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CB shares. Roth Mkm lifted their price target on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Citizens Jmp reissued a “market outperform” rating and issued a $350.00 target price on shares of Chubb in a research report on Wednesday, February 4th. Jefferies Financial Group upped their price target on shares of Chubb from $326.00 to $333.00 and gave the company a “hold” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. raised their target price on Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $340.09.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 16,375 shares of Chubb stock in a transaction on Friday, November 14th. The shares were sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the sale, the insider owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. The trade was a 18.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 70,682 shares of company stock worth $22,465,385 over the last ninety days. 0.77% of the stock is currently owned by insiders.

Chubb Price Performance

Shares of NYSE:CB opened at $328.99 on Thursday. The firm has a market cap of $129.47 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 2.08 and a beta of 0.49. Chubb Limited has a 1 year low of $263.14 and a 1 year high of $335.59. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $309.36 and a 200 day simple moving average of $290.36.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same period in the prior year, the firm posted $6.02 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

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.