Tyche Wealth Partners LLC Buys New Position in Chubb Limited (NYSE:CB)

Tyche Wealth Partners LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,580 shares of the financial services provider's stock, valued at approximately $809,000.

A number of other institutional investors also recently added to or reduced their stakes in CB. ICA Group Wealth Management LLC purchased a new stake in shares of Chubb during the 4th quarter worth approximately $25,000. IMA Wealth Inc. boosted its stake in shares of Chubb by 275.7% during the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider's stock worth $27,000 after acquiring an additional 102 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of Chubb during the 3rd quarter worth approximately $28,000. ZRC Wealth Management LLC purchased a new stake in shares of Chubb during the 4th quarter worth approximately $29,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Trading Down 0.7 %

Shares of CB stock traded down $1.75 on Wednesday, reaching $243.46. 1,797,247 shares of the stock were exchanged, compared to its average volume of 1,719,526. The stock has a market cap of $98.84 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $252.43 and a two-hundred day moving average of $233.80. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping analysts' consensus estimates of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, research analysts anticipate that Chubb Limited will post 21.15 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.41%. Chubb's payout ratio is 15.76%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CB. Roth Mkm boosted their price target on Chubb from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. TD Cowen began coverage on Chubb in a research report on Wednesday, January 10th. They set a "market perform" rating and a $254.00 price objective for the company. Wells Fargo & Company lifted their price objective on Chubb from $234.00 to $255.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 1st. Royal Bank of Canada lifted their price objective on Chubb from $255.00 to $275.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. Finally, Morgan Stanley lifted their price objective on Chubb from $258.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Monday. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $266.37.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 34,464 shares of the company's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider John J. Lupica sold 34,464 shares of the company's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company's stock, valued at approximately $33,902,208.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the company's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares of the company's stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last ninety days. Insiders own 0.86% of the company's stock.

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.