Endurance Wealth Management Inc. Grows Stock Position in Chubb Ltd (NYSE:CB)

Endurance Wealth Management Inc. grew its holdings in Chubb Ltd (NYSE:CB) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,101 shares of the financial services provider’s stock after acquiring an additional 74 shares during the quarter. Endurance Wealth Management Inc.’s holdings in Chubb were worth $171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Larson Financial Group LLC acquired a new stake in Chubb during the 3rd quarter worth about $26,000. Simon Quick Advisors LLC increased its holdings in shares of Chubb by 709.5% in the fourth quarter. Simon Quick Advisors LLC now owns 170 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 149 shares during the period. Liberty Wealth Management LLC raised its stake in shares of Chubb by 176.5% in the third quarter. Liberty Wealth Management LLC now owns 188 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 120 shares during the last quarter. Investors Research Corp raised its stake in shares of Chubb by 249.1% in the third quarter. Investors Research Corp now owns 199 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 142 shares during the last quarter. Finally, D Orazio & Associates Inc. purchased a new position in shares of Chubb in the third quarter worth about $34,000. 90.03% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the company. Evercore ISI began coverage on Chubb in a research report on Thursday, October 17th. They issued an “in-line” rating and a $149.00 target price on the stock. Goldman Sachs Group lowered shares of Chubb from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $159.00 to $147.00 in a research report on Tuesday, January 7th. Wells Fargo & Co reissued a “buy” rating and set a $180.00 price target on shares of Chubb in a research report on Tuesday. Raymond James lifted their price objective on shares of Chubb from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, William Blair reaffirmed an “underperform” rating on shares of Chubb in a report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $161.55.

Shares of CB opened at $150.76 on Wednesday. Chubb Ltd has a 52 week low of $128.58 and a 52 week high of $162.44. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $68.43 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.38 and a beta of 0.67. The stock’s 50-day moving average price is $153.55 and its 200-day moving average price is $153.75.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.06. Chubb had a return on equity of 8.60% and a net margin of 10.48%. The company had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period last year, the business earned $2.41 earnings per share. Chubb’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts anticipate that Chubb Ltd will post 10.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.99%. Chubb’s payout ratio is 31.78%.

Chubb declared that its board has authorized a share repurchase program on Thursday, November 21st that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 2.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

In other news, Director Michael G. Atieh sold 1,500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $151.12, for a total transaction of $226,680.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $155.39, for a total value of $264,163.00. Following the sale, the executive vice president now owns 167,965 shares in the company, valued at $26,100,081.35. The disclosure for this sale can be found here. Insiders have sold a total of 190,658 shares of company stock worth $29,210,599 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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