Wealth Enhancement Advisory Services LLC Buys 130,629 Shares of Chubb Limited (NYSE:CB)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 57.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 356,602 shares of the financial services provider’s stock after acquiring an additional 130,629 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Chubb were worth $102,840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CB. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at $28,000. Continuum Advisory LLC increased its position in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. bought a new stake in Chubb during the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chubb in the 3rd quarter valued at about $29,000. Finally, Raelipskie Partnership acquired a new stake in shares of Chubb during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on CB shares. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday. Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their target price on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Morgan Stanley boosted their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $286.58.

Chubb Stock Performance

CB stock traded down $13.45 during trading hours on Friday, reaching $253.20. The stock had a trading volume of 1,774,264 shares, compared to its average volume of 1,791,977. Chubb Limited has a fifty-two week low of $224.74 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $102.06 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The stock has a 50-day simple moving average of $279.37 and a 200 day simple moving average of $277.92.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same period last year, the firm posted $4.95 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Analysts predict that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 14.91%.

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.