Worth Financial Advisory Group LLC Has $1.45 Million Position in Chubb Limited (NYSE:CB)

Worth Financial Advisory Group LLC lifted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 98.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,146 shares of the financial services provider's stock after purchasing an additional 2,555 shares during the quarter. Chubb makes up about 0.9% of Worth Financial Advisory Group LLC's investment portfolio, making the stock its 26th largest position. Worth Financial Advisory Group LLC's holdings in Chubb were worth $1,453,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC grew its position in Chubb by 146.7% in the third quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider's stock valued at $163,000 after acquiring an additional 336 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Chubb during the 3rd quarter worth about $30,000. The Manufacturers Life Insurance Company lifted its holdings in Chubb by 23.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 760,701 shares of the financial services provider's stock valued at $219,379,000 after purchasing an additional 143,840 shares during the last quarter. Avestar Capital LLC boosted its position in Chubb by 5.2% in the third quarter. Avestar Capital LLC now owns 2,812 shares of the financial services provider's stock valued at $811,000 after buying an additional 140 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. increased its holdings in shares of Chubb by 299.6% during the third quarter. Transamerica Financial Advisors Inc. now owns 939 shares of the financial services provider's stock worth $271,000 after buying an additional 704 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

CB has been the topic of several research reports. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. JMP Securities restated a "market outperform" rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company dropped their price target on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $301.00.

Chubb Stock Up 1.9 %

CB stock opened at $302.19 on Tuesday. The business's fifty day moving average price is $279.92 and its two-hundred day moving average price is $281.51. The stock has a market capitalization of $121.00 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $303.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given 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 1.20%. Chubb's payout ratio is 16.02%.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the transaction, the executive vice president now owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. The trade was a 13.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by corporate insiders.

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.