Wetzel Investment Advisors Inc. Takes Position in Chubb Limited (NYSE:CB)

Wetzel Investment Advisors Inc. acquired a new stake in shares of Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,805 shares of the financial services provider’s stock, valued at approximately $408,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new stake in shares of Chubb during the fourth quarter valued at approximately $25,000. IMA Wealth Inc. grew its stake in shares of Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 102 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of Chubb during the third quarter valued at approximately $28,000. ZRC Wealth Management LLC bought a new stake in shares of Chubb during the fourth quarter valued at approximately $29,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Chubb during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Evercore ISI increased their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. BMO Capital Markets raised their price objective on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company raised their price objective on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Finally, UBS Group raised their price objective on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and an average price target of $266.37.

Chubb Price Performance

Shares of NYSE:CB traded up $4.82 during midday trading on Friday, hitting $250.21. The stock had a trading volume of 2,573,256 shares, compared to its average volume of 1,728,740. The company’s 50-day moving average price is $252.51 and its 200-day moving average price is $234.19. The company has a market capitalization of $101.58 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 1.15 and a beta of 0.62. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The firm had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. As a group, equities research analysts predict that Chubb Limited will post 21.13 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.37%. Chubb’s payout ratio is presently 15.76%.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock worth $29,766,694 in the last quarter. Company insiders own 0.86% of the company’s stock.

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.