RWA Wealth Partners LLC Has $19.03 Million Holdings in Chubb Limited (NYSE:CB)

RWA Wealth Partners LLC boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 297.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,859 shares of the financial services provider's stock after acquiring an additional 51,545 shares during the period. RWA Wealth Partners LLC's holdings in Chubb were worth $19,026,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC increased its stake in 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 purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb during the 3rd quarter worth approximately $29,000. Raelipskie Partnership acquired a new stake in Chubb during the 3rd quarter worth approximately $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb in the fourth quarter worth $29,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of Chubb during the fourth quarter worth $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the firm'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 sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

Several research firms have commented on CB. JMP Securities reiterated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price target 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. Finally, HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $303.14.

Chubb Trading Up 1.4 %

CB traded up $4.35 during trading on Thursday, hitting $305.89. 935,311 shares of the company's stock were exchanged, compared to its average volume of 1,784,535. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $306.91. The stock has a 50 day moving average price of $281.24 and a 200 day moving average price of $281.74. The firm has a market cap of $122.48 billion, a P/E ratio of 13.46, a price-to-earnings-growth 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 - Get Free Report) last released its quarterly earnings results 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, analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.19%. Chubb's payout ratio is currently 16.02%.

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.