Chubb Limited (NYSE:CB) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Chubb Limited (NYSE:CB - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 277,972 shares of the financial services provider's stock after purchasing an additional 51,999 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.07% of Chubb worth $76,804,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after acquiring an additional 221 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Chubb by 3.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,236 shares of the financial services provider's stock worth $894,000 after acquiring an additional 93 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Chubb by 44.9% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,982 shares of the financial services provider's stock worth $548,000 after acquiring an additional 614 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Chubb by 14.3% during the 4th quarter. Pacer Advisors Inc. now owns 49,206 shares of the financial services provider's stock worth $13,596,000 after acquiring an additional 6,174 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in shares of Chubb by 13.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,651 shares of the financial services provider's stock worth $456,000 after acquiring an additional 200 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 0.9%

CB stock traded up $2.71 during midday trading on Monday, reaching $299.91. The company's stock had a trading volume of 1,605,731 shares, compared to its average volume of 1,611,598. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a fifty day simple moving average of $288.14 and a two-hundred day simple moving average of $281.45. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The firm has a market capitalization of $120.18 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.29%. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is presently 18.67%.

Chubb announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Jefferies Financial Group increased their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a report on Tuesday, May 20th. Finally, UBS Group increased their price target on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $307.53.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This trade represents a 11.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 148,553 shares of company stock valued at $43,257,220 over the last quarter. 0.77% of the stock is owned by corporate insiders.

Chubb Company 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.