Chubb Limited (NYSE:CB) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in Chubb Limited (NYSE:CB) by 1.4% in the second quarter, HoldingsChannel reports. The fund owned 194,463 shares of the financial services provider’s stock after purchasing an additional 2,713 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Chubb were worth $49,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CB. Sapient Capital LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $411,000. Perigon Wealth Management LLC increased its holdings in shares of Chubb by 8.2% in the fourth quarter. Perigon Wealth Management LLC now owns 4,388 shares of the financial services provider’s stock valued at $992,000 after buying an additional 334 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb during the 4th quarter valued at $32,000. NewEdge Wealth LLC boosted its stake in shares of Chubb by 15.4% during the 4th quarter. NewEdge Wealth LLC now owns 7,167 shares of the financial services provider’s stock worth $1,620,000 after acquiring an additional 959 shares in the last quarter. Finally, Simplicity Solutions LLC grew its holdings in shares of Chubb by 6.0% in the 4th quarter. Simplicity Solutions LLC now owns 8,151 shares of the financial services provider’s stock worth $1,842,000 after acquiring an additional 465 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the transaction, the director now directly owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,845 shares of company stock valued at $3,404,515. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

Shares of NYSE CB traded up $3.39 during trading hours on Wednesday, hitting $271.21. 194,451 shares of the stock were exchanged, compared to its average volume of 1,638,229. Chubb Limited has a one year low of $198.10 and a one year high of $277.91. The company’s 50 day moving average is $263.26 and its 200 day moving average is $256.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.29. The firm has a market capitalization of $110.13 billion, a P/E ratio of 11.89, a P/E/G ratio of 5.21 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same period last year, the business posted $4.92 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, research analysts expect that Chubb Limited will post 21.15 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.34%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CB shares. StockNews.com downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Bank of America increased their price objective on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Morgan Stanley lowered their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. JMP Securities increased their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada raised their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $270.79.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.