Wealthfront Advisers LLC Purchases 2,773 Shares of Chubb Limited $CB

Wealthfront Advisers LLC grew its position in shares of Chubb Limited (NYSE:CB) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,801 shares of the financial services provider’s stock after buying an additional 2,773 shares during the quarter. Wealthfront Advisers LLC’s holdings in Chubb were worth $15,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares during the period. Cedar Mountain Advisors LLC lifted its holdings in shares of Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb during the 3rd quarter valued at $31,000. Ares Financial Consulting LLC bought a new position in shares of Chubb during the 4th quarter valued at $32,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares during the period. 83.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 44,877 shares of company stock worth $14,885,226. Corporate insiders own 0.37% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock opened at $330.12 on Wednesday. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The stock’s fifty day moving average is $329.13 and its 200 day moving average is $310.73. The stock has a market cap of $128.82 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.67 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.34.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion during the quarter. Sell-side analysts anticipate that Chubb Limited will post 26.67 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, March 13th. Chubb’s dividend payout ratio is presently 13.70%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CB. Wolfe Research raised their target price on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Mizuho decreased their target price on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $315.00 target price on shares of Chubb in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods raised their target price on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, Citigroup raised their target price on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and an average price target of $349.33.

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.