Wealth Enhancement Advisory Services LLC Increases Position in Chubb Limited $CB

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Chubb Limited by 24.8%, owning 284,689 shares valued at approximately $80.8 million as of their latest filing.
• Chubb reported $6.14 earnings per share for the last quarter, exceeding analyst expectations of $5.84, with a year-over-year revenue growth of 6.3%.
• The company announced a quarterly dividend of $0.97, representing a 1.4% yield, to be paid out on October 3rd to investors of record on September 12th.

Wealth Enhancement Advisory Services LLC grew its holdings in Chubb Limited (NYSE:CB - Free Report) by 24.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 284,689 shares of the financial services provider's stock after buying an additional 56,585 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.07% of Chubb worth $80,795,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GQG Partners LLC boosted its stake in shares of Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock worth $2,836,899,000 after acquiring an additional 4,964,298 shares during the last quarter. Demars Financial Group LLC boosted its stake in shares of Chubb by 16.4% in the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock worth $1,884,004,000 after acquiring an additional 878,177 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider's stock worth $1,418,398,000 after buying an additional 304,751 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Chubb by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider's stock worth $840,756,000 after buying an additional 30,334 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Chubb by 36,831.3% during the first quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock worth $629,357,000 after buying an additional 2,078,390 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Down 0.3%

Shares of NYSE CB traded down $0.90 during mid-day trading on Monday, hitting $272.99. The company had a trading volume of 1,820,995 shares, compared to its average volume of 1,847,486. The company has a market capitalization of $108.84 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 3.09 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The business's 50-day simple moving average is $273.62 and its 200 day simple moving average is $282.86.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $5.38 EPS. On average, analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, September 12th. Chubb's payout ratio is 17.12%.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction dated Friday, July 25th. The shares were bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director directly owned 2,450 shares in the company, valued at approximately $661,010. The trade was a 20.99% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CB. Evercore ISI set a $312.00 target price on shares of Chubb in a report on Wednesday, July 23rd. Wolfe Research upgraded shares of Chubb to a "strong-buy" rating in a report on Tuesday, September 16th. Wells Fargo & Company cut their price objective on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Hsbc Global Res downgraded Chubb from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Barclays downgraded Chubb from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $303.06.

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.