Wick Capital Partners LLC Makes New Investment in Chubb Limited $CB

Wick Capital Partners LLC bought a new position in Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,366 shares of the financial services provider’s stock, valued at approximately $1,051,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hamilton Wealth LLC raised its position in shares of Chubb by 19.9% during the fourth quarter. Hamilton Wealth LLC now owns 3,308 shares of the financial services provider’s stock worth $1,033,000 after purchasing an additional 549 shares during the period. Van Diest Capital LLC purchased a new position in Chubb in the 4th quarter worth about $322,000. TMB Capital Partners LLC acquired a new stake in Chubb during the 4th quarter worth about $2,131,000. Harbour Wealth Management Group Inc. acquired a new stake in Chubb during the 4th quarter worth about $675,000. Finally, Axxcess Wealth Management LLC lifted its stake in Chubb by 114.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 4,762 shares of the financial services provider’s stock valued at $1,486,000 after buying an additional 2,543 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CB has been the subject of several recent analyst reports. BMO Capital Markets lifted their target price on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings downgraded shares of Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, June 12th. Citizens Jmp raised their price objective on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, Bank of America cut their target price on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given 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 stock has a consensus rating of “Hold” and a consensus price target of $349.10.

Insider Activity

In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on 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 transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.37% of the stock is owned by company insiders.

Chubb Trading Down 1.2%

NYSE:CB opened at $323.88 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The stock’s 50-day moving average is $324.87 and its two-hundred day moving average is $319.94. The stock has a market cap of $125.62 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.68 and a beta of 0.41.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. As a group, equities research analysts forecast that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

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

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.