RFG Bristol Wealth Advisors LLC Takes Position in Chubb Limited (NYSE:CB)

RFG Bristol Wealth Advisors LLC bought a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,196 shares of the financial services provider’s stock, valued at approximately $330,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock valued at $102,840,000 after purchasing an additional 130,629 shares in the last quarter. Czech National Bank boosted its holdings in Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after buying an additional 4,757 shares in the last quarter. Barclays PLC grew its position in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Chubb during the 3rd quarter valued at $27,424,000. Finally, Versant Capital Management Inc boosted its stake in shares of Chubb by 133.9% during the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 316 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $302.02 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a market cap of $120.93 billion, a PE ratio of 13.29, a PEG ratio of 3.36 and a beta of 0.66. The firm’s 50 day moving average price is $281.24 and its 200 day moving average price is $281.74. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $304.34.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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%. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is 16.02%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company cut their target price 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. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Piper Sandler increased their target price on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $303.14.

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.