Wayfinding Financial LLC Invests $272,000 in Chubb Limited (NYSE:CB)

Wayfinding Financial LLC purchased a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 982 shares of the financial services provider’s stock, valued at approximately $272,000.

Several other institutional investors have also modified their holdings of CB. Prospera Private Wealth LLC purchased a new position in shares of Chubb during the 3rd quarter worth $127,000. Moors & Cabot Inc. lifted its position in Chubb by 7.7% in the third quarter. Moors & Cabot Inc. now owns 11,825 shares of the financial services provider’s stock valued at $3,410,000 after buying an additional 845 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in Chubb by 38.8% during the third quarter. Citizens Financial Group Inc. RI now owns 13,105 shares of the financial services provider’s stock worth $3,790,000 after buying an additional 3,661 shares during the period. Cornerstone Advisors LLC increased its position in shares of Chubb by 5.0% during the third quarter. Cornerstone Advisors LLC now owns 20,900 shares of the financial services provider’s stock valued at $6,027,000 after acquiring an additional 1,000 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in shares of Chubb by 2.3% in the 3rd quarter. King Luther Capital Management Corp now owns 7,139 shares of the financial services provider’s stock worth $2,059,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company cut their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods raised their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $301.00.

Chubb Trading Down 0.7 %

NYSE CB opened at $294.09 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The stock has a market capitalization of $117.76 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The firm has a 50 day moving average of $275.90 and a two-hundred day moving average of $281.25.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate 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 expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.24%. Chubb’s payout ratio is currently 16.02%.

Insider Transactions at Chubb

In other news, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,239 shares of company stock worth $14,956,786. 0.86% of the stock is currently owned by insiders.

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.