Chubb Ltd (CB) Stake Raised by Wedbush Securities Inc.

Wedbush Securities Inc. increased its position in shares of Chubb Ltd (NYSE:CB) by 31.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,097 shares of the financial services provider’s stock after acquiring an additional 2,154 shares during the quarter. Wedbush Securities Inc.’s holdings in Chubb were worth $1,329,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Welch Group LLC acquired a new position in Chubb in the 4th quarter valued at approximately $110,000. Horan Capital Advisors LLC. acquired a new position in Chubb in the 3rd quarter valued at approximately $133,000. Covenant Multifamily Offices LLC acquired a new position in Chubb in the 4th quarter valued at approximately $135,000. Zions Bancorporation increased its stake in Chubb by 716.3% in the 3rd quarter. Zions Bancorporation now owns 1,151 shares of the financial services provider’s stock valued at $164,000 after buying an additional 1,010 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in Chubb in the 3rd quarter valued at approximately $198,000. Institutional investors and hedge funds own 86.10% of the company’s stock.

Shares of Chubb Ltd (NYSE:CB) opened at $147.00 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.29 and a quick ratio of 0.30. The company has a market cap of $68,240.00, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95. Chubb Ltd has a 1 year low of $133.82 and a 1 year high of $157.50.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $3.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.86. The company had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.64 billion. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.72 earnings per share. sell-side analysts predict that Chubb Ltd will post 10.76 EPS for the current fiscal year.

Chubb announced that its board has initiated a stock buyback program on Thursday, December 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

CB has been the topic of several research reports. Credit Suisse Group reiterated a “neutral” rating and issued a $156.00 price objective on shares of Chubb in a research note on Tuesday, December 19th. Wells Fargo & Co reiterated a “buy” rating and issued a $169.00 price objective on shares of Chubb in a research note on Tuesday, January 30th. Goldman Sachs Group initiated coverage on shares of Chubb in a research note on Monday, December 4th. They issued a “buy” rating and a $167.00 price objective on the stock. JPMorgan Chase & Co. upgraded shares of Chubb from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research lowered shares of Chubb from a “buy” rating to a “sell” rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $165.25.

In related news, insider Timothy Alan Boroughs sold 18,611 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the completion of the sale, the insider now directly owns 201,165 shares of the company’s stock, valued at approximately $30,420,171.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 95,761 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the sale, the chief executive officer now directly owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.

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Chubb Profile

Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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