Wealth Advisory Solutions LLC Has $5.41 Million Stock Position in Chubb Limited (NYSE:CB)

Wealth Advisory Solutions LLC boosted its holdings in Chubb Limited (NYSE:CB) by 105.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,589 shares of the financial services provider’s stock after acquiring an additional 10,050 shares during the quarter. Chubb makes up approximately 1.5% of Wealth Advisory Solutions LLC’s holdings, making the stock its 16th biggest holding. Wealth Advisory Solutions LLC’s holdings in Chubb were worth $5,412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CB. Continuum Advisory LLC increased its holdings in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the 3rd quarter worth $29,000. Raelipskie Partnership acquired a new position in Chubb in the 3rd quarter worth about $29,000. Sierra Ocean LLC bought a new position in Chubb in the fourth quarter valued at about $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb during the third quarter valued at about $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 2.0 %

Shares of NYSE:CB opened at $284.02 on Wednesday. The business’s 50-day moving average is $271.45 and its 200-day moving average is $280.06. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a market capitalization of $114.49 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 3.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its quarterly 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%. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given 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 dividend yield of 1.28%. Chubb’s payout ratio is presently 16.02%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CB. Barclays lowered their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $295.73.

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.