NWF Advisory Services Inc. Buys 4,319 Shares of Chubb Limited $CB

NWF Advisory Services Inc. raised its stake in Chubb Limited (NYSE:CB) by 52.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,486 shares of the financial services provider’s stock after buying an additional 4,319 shares during the period. NWF Advisory Services Inc.’s holdings in Chubb were worth $3,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC lifted its stake in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in Chubb during the 3rd quarter worth $31,000. Laurel Wealth Advisors LLC acquired a new position in Chubb in the 4th quarter worth about $31,000. Ares Financial Consulting LLC acquired a new position in Chubb in the 4th quarter worth about $32,000. Finally, Cherry Tree Wealth Management LLC raised its position in Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Chubb Trading Up 0.1%

CB opened at $323.88 on Friday. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $324.70 and a 200-day moving average of $319.96. The stock has a market cap of $125.62 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.41.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. On average, sell-side analysts predict that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a dividend of $1.02 per share. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s payout ratio is currently 14.41%.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. BMO Capital Markets upped their price objective on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Weiss Ratings lowered shares of Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, June 12th. Citizens Jmp lifted their target price on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $349.10.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.