Chubb Limited (NYSE:CB) Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC increased its position in Chubb Limited (NYSE:CB) by 557.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,623 shares of the financial services provider’s stock after buying an additional 11,550 shares during the quarter. RWA Wealth Partners LLC’s holdings in Chubb were worth $3,079,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. ZRC Wealth Management LLC acquired a new stake in shares of Chubb in the fourth quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb in the fourth quarter valued at $32,000. Naples Money Management LLC acquired a new stake in shares of Chubb during the fourth quarter worth $34,000. Bell Investment Advisors Inc raised its position in shares of Chubb by 39.6% during the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 59 shares during the period. Finally, Fortitude Family Office LLC acquired a new stake in shares of Chubb during the fourth quarter worth $59,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CB shares. Royal Bank of Canada boosted their target price on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group upped their price target on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. HSBC reissued a “hold” rating and set a $270.00 price target (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. BMO Capital Markets upped their price target on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. Finally, TD Cowen assumed coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $266.37.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, 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 SEC, which is available at this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was 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 of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock valued at $29,766,694 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $249.88 on Wednesday. The business has a 50 day moving average price of $252.64 and a 200 day moving average price of $235.15. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The company has a market cap of $101.45 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.17 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20.

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 the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Research analysts predict that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.38%. Chubb’s dividend payout ratio (DPR) is 15.76%.

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.