Chubb Limited (NYSE:CB) Shares Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 18.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,064 shares of the financial services provider's stock after buying an additional 2,496 shares during the period. Wedbush Securities Inc.'s holdings in Chubb were worth $4,438,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its position in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. First Financial Bank Trust Division boosted its position in Chubb by 3.7% in the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider's stock valued at $283,000 after buying an additional 37 shares during the last quarter. Rede Wealth LLC raised its stake in shares of Chubb by 2.0% during the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after buying an additional 37 shares during the last quarter. Sfmg LLC boosted its position in Chubb by 2.4% in the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after purchasing an additional 40 shares in the last quarter. Finally, United Asset Strategies Inc. increased its holdings in Chubb by 1.3% in the fourth quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock valued at $851,000 after buying an additional 40 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

NYSE:CB traded down $0.82 during trading hours on Thursday, hitting $283.80. The company's stock had a trading volume of 842,467 shares, compared to its average volume of 1,628,235. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $306.91. 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 business's 50-day moving average is $282.65 and its two-hundred day moving average is $281.38. The company has a market capitalization of $113.64 billion, a PE ratio of 12.42, a PEG ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb's payout ratio is 16.02%.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a report on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. UBS Group boosted their target price on Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a research report on Wednesday. Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Finally, Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $302.73.

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.