Drive Wealth Management LLC Purchases 54 Shares of Chubb Limited (NYSE:CB)

Drive Wealth Management LLC grew its position in shares of Chubb Limited (NYSE:CBFree Report) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,141 shares of the financial services provider’s stock after purchasing an additional 54 shares during the period. Drive Wealth Management LLC’s holdings in Chubb were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CB. Fairfield Bush & CO. purchased a new stake in Chubb in the 1st quarter worth approximately $195,000. Roundview Capital LLC raised its position in shares of Chubb by 2.6% in the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock worth $891,000 after acquiring an additional 106 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Chubb by 59.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock worth $648,000 after acquiring an additional 1,134 shares in the last quarter. Brighton Jones LLC raised its position in shares of Chubb by 18.7% in the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 203 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Chubb by 22.0% in the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock worth $33,110,000 after acquiring an additional 27,926 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CB. Roth Mkm increased their target price on Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. JMP Securities increased their target price on Chubb from $250.00 to $280.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 31st. StockNews.com raised Chubb from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group lowered Chubb from a “buy” rating to a “neutral” rating and set a $222.00 price objective for the company. in a research report on Monday, January 8th. Finally, Citigroup reaffirmed a “neutral” rating and set a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and a consensus target price of $257.56.

Read Our Latest Report on CB

Chubb Stock Down 0.4 %

Chubb stock opened at $256.40 on Wednesday. The firm has a market cap of $104.04 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.22 and a beta of 0.62. The stock has a fifty day simple moving average of $251.26 and a two-hundred day simple moving average of $230.85. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CBGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Equities analysts predict that Chubb Limited will post 21.16 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be paid a $0.86 dividend. The ex-dividend date is Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.34%. Chubb’s dividend payout ratio (DPR) is currently 15.76%.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Joseph F. Wayland sold 26,946 shares of Chubb stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the transaction, the executive vice president now directly owns 95,252 shares in the company, valued at $24,481,669.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 in the last ninety days. Insiders own 0.37% of the company’s stock.

About Chubb

(Free Report)

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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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