Wealth Enhancement Advisory Services LLC Increases Stock Position in Chubb Limited (NYSE:CB)

Wealth Enhancement Advisory Services LLC boosted its stake in Chubb Limited (NYSE:CB) by 57.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 356,602 shares of the financial services provider’s stock after buying an additional 130,629 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of Chubb worth $102,840,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in CB. Continuum Advisory LLC lifted its stake in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. purchased a new position in Chubb during the third quarter worth about $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb in the 3rd quarter worth about $29,000. Raelipskie Partnership purchased a new stake in Chubb in the 3rd quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new position in shares of Chubb during the 3rd quarter worth about $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of CB stock traded down $13.45 during mid-day trading on Friday, reaching $253.20. The company’s stock had a trading volume of 1,774,264 shares, compared to its average volume of 1,791,977. The company has a market cap of $102.06 billion, a P/E ratio of 10.37, a PEG ratio of 6.43 and a beta of 0.67. The firm’s 50-day moving average is $279.37 and its two-hundred day moving average is $277.92. Chubb Limited has a 1-year low of $224.74 and a 1-year high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the prior year, the company posted $4.95 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts predict that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Analysts Set New Price Targets

A number of research firms have weighed in on CB. Morgan Stanley increased their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays decreased their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday. JMP Securities boosted their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler lifted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $286.58.

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.