WealthShield Partners LLC Purchases New Shares in Chubb Limited $CB

WealthShield Partners LLC purchased a new position in shares of Chubb Limited (NYSE:CB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,730 shares of the financial services provider’s stock, valued at approximately $2,984,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. XXEC Inc. acquired a new position in shares of Chubb during the 2nd quarter worth approximately $228,226,000. Berkshire Hathaway Inc increased its holdings in shares of Chubb by 9.3% during the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock worth $10,689,855,000 after purchasing an additional 2,916,288 shares during the period. BlackRock Inc. acquired a new stake in shares of Chubb in the second quarter valued at approximately $9,913,336,000. State Street Corp raised its position in shares of Chubb by 0.4% in the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock valued at $4,827,852,000 after buying an additional 68,553 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after buying an additional 3,049,987 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CB shares. Citizens Jmp reissued a “market outperform” rating and set a $400.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 29th. Keefe, Bruyette & Woods upped their target price on Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. upped their target price on Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Finally, Barclays set a $387.00 price target on Chubb in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and an average price target of $361.00.

Chubb Stock Performance

Shares of NYSE:CB opened at $341.15 on Friday. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91. The stock has a market capitalization of $131.62 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The company’s 50 day simple moving average is $345.88 and its 200 day simple moving average is $333.31.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $6.14 earnings per share. As a group, research analysts predict that Chubb Limited will post 27.49 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s payout ratio is 14.43%.

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is owned by corporate insiders.

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.