Wambolt & Associates LLC Invests $438,000 in Chubb Limited (NYSE:CB)

Wambolt & Associates LLC purchased a new position in Chubb Limited (NYSE:CB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,585 shares of the financial services provider’s stock, valued at approximately $438,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CB. Nwam LLC bought a new stake in shares of Chubb during the third quarter valued at approximately $273,000. Kingsview Wealth Management LLC lifted its holdings in shares of Chubb by 12.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,043 shares of the financial services provider’s stock worth $1,743,000 after acquiring an additional 686 shares during the period. Swedbank AB boosted its position in shares of Chubb by 3.3% during the 3rd quarter. Swedbank AB now owns 259,288 shares of the financial services provider’s stock valued at $74,776,000 after acquiring an additional 8,328 shares in the last quarter. Larson Financial Group LLC increased its stake in Chubb by 146.7% in the third quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 336 shares during the period. Finally, Summit Trail Advisors LLC raised its position in Chubb by 35.3% in the third quarter. Summit Trail Advisors LLC now owns 6,326 shares of the financial services provider’s stock worth $1,830,000 after purchasing an additional 1,649 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other news, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 over the last three months. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of NYSE CB opened at $291.52 on Tuesday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The stock has a 50 day moving average of $277.16 and a 200-day moving average of $281.22. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $116.73 billion, a P/E ratio of 12.83, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.25%. Chubb’s dividend payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $301.00.

Chubb 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.