Wedbush Securities Inc. Raises Position in Chubb Limited $CB

Wedbush Securities Inc. lifted its stake in shares of Chubb Limited (NYSE:CB) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,245 shares of the financial services provider’s stock after buying an additional 3,473 shares during the quarter. Wedbush Securities Inc.’s holdings in Chubb were worth $5,714,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $205,000. Woodline Partners LP grew its position in shares of Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 175 shares during the last quarter. Finally, CWM LLC raised its position in shares of Chubb by 32.6% during the 2nd quarter. CWM LLC now owns 29,750 shares of the financial services provider’s stock valued at $8,619,000 after acquiring an additional 7,318 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John J. Lupica sold 16,375 shares of the 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 transaction, the insider directly 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 70,682 shares of company stock valued at $22,465,385. Company insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on CB shares. Wells Fargo & Company increased their target price on shares of Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Morgan Stanley set a $350.00 price objective on shares of Chubb in a research note on Friday, January 16th. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Raymond James Financial upped their target price on Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a report on Monday. Finally, Cantor Fitzgerald raised their price target on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $340.09.

Chubb Stock Up 0.8%

CB opened at $328.99 on Thursday. The stock’s 50 day moving average price is $309.36 and its 200 day moving average price is $290.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. The stock has a market cap of $129.47 billion, a P/E ratio of 12.79, a P/E/G ratio of 2.08 and a beta of 0.49. Chubb Limited has a 12 month low of $263.14 and a 12 month high of $335.59.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the prior year, the business posted $6.02 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, December 12th. Chubb’s payout ratio is 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.