Envestnet Portfolio Solutions Inc. Purchases 2,714 Shares of Chubb Limited (NYSE:CB)

Envestnet Portfolio Solutions Inc. grew its position in shares of Chubb Limited (NYSE:CB) by 14.7% in the fourth quarter, Holdings Channel reports. The fund owned 21,200 shares of the financial services provider’s stock after buying an additional 2,714 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Chubb were worth $5,858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC lifted its position in Chubb by 25.5% in the third quarter. Empowered Funds LLC now owns 12,033 shares of the financial services provider’s stock worth $3,470,000 after buying an additional 2,446 shares during the last quarter. Accredited Investors Inc. bought a new stake in Chubb in the third quarter worth $237,000. TrinityPoint Wealth LLC bought a new stake in Chubb in the third quarter worth $227,000. Drive Wealth Management LLC lifted its position in Chubb by 4.6% in the third quarter. Drive Wealth Management LLC now owns 1,238 shares of the financial services provider’s stock worth $358,000 after buying an additional 55 shares during the last quarter. Finally, Baron Wealth Management LLC lifted its position in Chubb by 13.8% in the third quarter. Baron Wealth Management LLC now owns 1,941 shares of the financial services provider’s stock worth $560,000 after buying an additional 235 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction dated 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 owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the business’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 sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on CB shares. JPMorgan Chase & Co. raised their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $301.00.

Chubb Stock Performance

Shares of Chubb stock opened at $297.81 on Tuesday. The stock’s fifty day moving average price is $274.21 and its 200-day moving average price is $280.97. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $119.25 billion, a P/E ratio of 13.11, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.22%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

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.