Wick Capital Partners LLC Makes New $650,000 Investment in Chubb Limited $CB

Wick Capital Partners LLC acquired a new stake in Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,081 shares of the financial services provider’s stock, valued at approximately $650,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CB. CBIZ Investment Advisory Services LLC raised its position in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in Chubb in the fourth quarter valued at about $31,000. Ares Financial Consulting LLC bought a new position in Chubb in the fourth quarter valued at about $32,000. KERR FINANCIAL PLANNING Corp bought a new position in Chubb in the third quarter valued at about $31,000. Finally, Cherry Tree Wealth Management LLC increased its position in Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on CB shares. The Goldman Sachs Group dropped their price objective on Chubb from $372.00 to $362.00 and set a “buy” rating for the company in a report on Monday, June 8th. Wells Fargo & Company raised their target price on shares of Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Barclays lowered their price target on shares of Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Finally, Citizens Jmp raised their price objective on shares of Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $349.10.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.37% of the company’s stock.

Chubb Trading Up 0.1%

NYSE:CB opened at $323.88 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The firm has a market capitalization of $125.62 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.65 and a beta of 0.41. The business’s 50-day moving average price is $324.70 and its two-hundred day moving average price is $319.96.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities analysts expect that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is 14.41%.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.