GeoWealth Management LLC Has $3.43 Million Position in Chubb Limited (NYSE:CB)

GeoWealth Management LLC boosted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 252.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,401 shares of the financial services provider's stock after purchasing an additional 8,878 shares during the quarter. GeoWealth Management LLC's holdings in Chubb were worth $3,426,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new position in Chubb during the fourth quarter worth $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Chubb during the fourth quarter valued at about $29,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb in the fourth quarter valued at about $30,000. Human Investing LLC acquired a new stake in Chubb during the fourth quarter worth about $36,000. Finally, Mainstream Capital Management LLC bought a new position in Chubb during the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CB. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. JMP Securities restated a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price target on shares of Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $307.21.

Chubb Trading Down 2.2 %

CB stock traded down $6.45 during trading on Wednesday, hitting $283.97. The company had a trading volume of 1,116,754 shares, compared to its average volume of 1,630,271. The stock has a market cap of $113.78 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 3.36 and a beta of 0.47. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $285.38 and a 200-day moving average price of $281.07. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio (DPR) is 16.02%.

Insider Activity

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 shares were 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 owns 77,703 shares in the company, valued at $22,297,652.88. This 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 through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 in the last quarter. Company insiders own 0.86% of the company's stock.

Chubb Company 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.