Wealthfront Advisers LLC Has $11.91 Million Stock Holdings in Chubb Limited (NYSE:CB)

Wealthfront Advisers LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,106 shares of the financial services provider’s stock after buying an additional 1,609 shares during the period. Wealthfront Advisers LLC’s holdings in Chubb were worth $11,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Continuum Advisory LLC grew its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb in the third quarter valued at about $29,000. Raelipskie Partnership acquired a new position in Chubb in the third quarter valued at about $29,000. Sierra Ocean LLC acquired a new position in Chubb during the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb during the third quarter worth about $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction on 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 directly owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. upped their target price 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 lowered 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. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $299.27.

Chubb Trading Down 0.6 %

Shares of NYSE:CB opened at $291.15 on Wednesday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The business’s fifty day simple moving average is $272.66 and its 200-day simple moving average is $280.61. The company has a market capitalization of $116.58 billion, a PE ratio of 12.81, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced 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 of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s payout ratio is currently 16.02%.

Chubb 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.