GC Wealth Management RIA LLC Purchases 8,194 Shares of Chubb Limited (NYSE:CB)

GC Wealth Management RIA LLC lifted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 329.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,681 shares of the financial services provider's stock after purchasing an additional 8,194 shares during the quarter. GC Wealth Management RIA LLC's holdings in Chubb were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Chubb during the 4th quarter valued at approximately $1,158,897,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Chubb by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider's stock valued at $617,573,000 after purchasing an additional 46,068 shares during the last quarter. Barclays PLC boosted its position in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after buying an additional 388,746 shares during the period. Finally, Amundi boosted its position in Chubb by 8.1% during the 4th quarter. Amundi now owns 1,308,179 shares of the financial services provider's stock worth $348,826,000 after buying an additional 97,705 shares during the period. 83.81% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on CB shares. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Barclays cut their target price on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $299.27.

Chubb Stock Down 0.6 %

Shares of Chubb stock traded down $1.81 on Tuesday, hitting $291.15. The company had a trading volume of 2,966,823 shares, compared to its average volume of 1,504,348. The stock has a market capitalization of $116.58 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The stock has a 50 day moving average of $272.66 and a 200-day moving average of $280.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 16.02%.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.86% of the company's stock.

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.