Tyche Wealth Partners LLC Invests $809,000 in Chubb Limited (NYSE:CB)

Tyche Wealth Partners LLC purchased a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,580 shares of the financial services provider’s stock, valued at approximately $809,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Americana Partners LLC bought a new position in Chubb during the third quarter valued at about $292,000. Lazard Asset Management LLC grew its position in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after acquiring an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd increased its stake in shares of Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after purchasing an additional 324,019 shares during the last quarter. Graypoint LLC raised its holdings in shares of Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after purchasing an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC purchased a new position in Chubb in the fourth quarter valued at approximately $1,403,000. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 0.3 %

CB stock traded up $0.77 during midday trading on Wednesday, hitting $245.21. The company had a trading volume of 1,257,334 shares, compared to its average volume of 1,448,250. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The stock has a market cap of $99.55 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.16 and a beta of 0.62. The stock’s 50 day moving average price is $252.50 and its 200 day moving average price is $233.73.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. As a group, equities research analysts expect that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 15.76%.

Insider Transactions at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CB shares. JPMorgan Chase & Co. raised their target price on Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. The Goldman Sachs Group boosted their price objective on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. HSBC reissued a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. BMO Capital Markets raised their price objective on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Company Profile

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.