RWA Wealth Partners LLC Purchases 11,550 Shares of Chubb Limited (NYSE:CB)

RWA Wealth Partners LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 557.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,623 shares of the financial services provider’s stock after buying an additional 11,550 shares during the period. RWA Wealth Partners LLC’s holdings in Chubb were worth $3,079,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. ZRC Wealth Management LLC bought a new stake in shares of Chubb in the 4th quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Chubb in the 4th quarter valued at approximately $32,000. Naples Money Management LLC bought a new stake in shares of Chubb in the 4th quarter valued at approximately $34,000. Bell Investment Advisors Inc lifted its stake in shares of Chubb by 39.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 59 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of Chubb in the 4th quarter valued at approximately $59,000. 83.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock valued at $29,766,694 over the last quarter. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Raymond James raised their price objective on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. UBS Group increased their price target on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Evercore ISI increased their price target on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Piper Sandler reiterated an “overweight” rating and issued a $282.00 price target on shares of Chubb in a report on Monday, April 1st. Finally, Royal Bank of Canada increased their price target on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Trading Down 0.6 %

CB opened at $249.88 on Wednesday. The firm has a market cap of $101.45 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.17 and a beta of 0.62. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The stock has a fifty day moving average price of $252.64 and a 200-day moving average price of $235.15.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. As a group, equities research analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. Chubb’s payout ratio is currently 15.76%.

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.