Wealthcare Advisory Partners LLC Has $885,000 Stock Holdings in Chubb Limited (NYSE:CB)

Wealthcare Advisory Partners LLC lifted its holdings in shares of Chubb Limited (NYSE:CB) by 140.7% during the 4th quarter, Holdings Channel reports. The firm owned 3,918 shares of the financial services provider’s stock after purchasing an additional 2,290 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Chubb were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CB. Mackenzie Financial Corp boosted its position in shares of Chubb by 1.2% during the third quarter. Mackenzie Financial Corp now owns 74,041 shares of the financial services provider’s stock valued at $15,172,000 after buying an additional 906 shares during the last quarter. NBT Bank N A NY bought a new position in shares of Chubb in the third quarter worth $1,821,000. Advisor Partners II LLC boosted its position in shares of Chubb by 15.1% during the 3rd quarter. Advisor Partners II LLC now owns 18,757 shares of the financial services provider’s stock valued at $3,905,000 after acquiring an additional 2,467 shares during the last quarter. Park Avenue Securities LLC grew its stake in Chubb by 12.6% in the 3rd quarter. Park Avenue Securities LLC now owns 15,438 shares of the financial services provider’s stock worth $3,214,000 after buying an additional 1,730 shares in the last quarter. Finally, Catalyst Financial Partners LLC raised its position in Chubb by 18.0% during the third quarter. Catalyst Financial Partners LLC now owns 1,589 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 242 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 0.6 %

Shares of NYSE CB traded up $1.42 during mid-day trading on Wednesday, reaching $253.37. The company had a trading volume of 41,736 shares, compared to its average volume of 1,707,295. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The business’s 50-day moving average is $251.85 and its 200-day moving average is $237.76. The stock has a market cap of $102.88 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same quarter in the previous year, the business earned $4.41 earnings per share. Chubb’s quarterly revenue was up 14.1% on a year-over-year basis. Equities analysts expect that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is 15.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CB. Piper Sandler reaffirmed an “overweight” rating and set a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. TD Cowen initiated coverage on shares of Chubb in a report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price on the stock. The Goldman Sachs Group boosted their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods cut their price target on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Royal Bank of Canada dropped their price target on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $266.74.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,863 shares of company stock valued at $28,007,307. Company insiders own 0.86% of the company’s stock.

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.