Wealth Enhancement Advisory Services LLC Sells 49,868 Shares of Chubb Limited (NYSE:CB)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Chubb Limited (NYSE:CB - Free Report) by 17.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,104 shares of the financial services provider's stock after selling 49,868 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.06% of Chubb worth $68,885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CB. Brighton Jones LLC raised its position 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 valued at $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new position in Chubb during the fourth quarter valued at $205,000. Van ECK Associates Corp grew its stake in Chubb by 2.9% during the fourth quarter. Van ECK Associates Corp now owns 13,391 shares of the financial services provider's stock valued at $3,700,000 after acquiring an additional 381 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new position in Chubb during the fourth quarter valued at $1,320,000. Finally, Strategic Financial Concepts LLC purchased a new position in Chubb during the fourth quarter valued at $30,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 9,794 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $292.99, for a total value of $2,869,544.06. Following the completion of the sale, the chief operating officer now owns 247,538 shares in the company, valued at approximately $72,526,158.62. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by company insiders.

Chubb Price Performance

Chubb stock opened at $282.01 on Friday. The firm has a 50-day moving average price of $287.88 and a 200-day moving average price of $281.60. The firm has a market capitalization of $113.01 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.14 and a beta of 0.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 15.05% and a return on equity of 12.37%. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. As a group, equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb announced that its board has approved a stock repurchase plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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 issued a dividend of $0.97 per share. This is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.38%. Chubb's dividend payout ratio (DPR) is presently 18.67%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CB. Keefe, Bruyette & Woods cut their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. UBS Group lifted their price objective on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company lifted their price objective on shares of Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Chubb has an average rating of "Moderate Buy" and a consensus price target of $307.53.

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.

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.