Axxcess Wealth Management LLC Boosts Holdings in Chubb Limited (NYSE:CB)

Axxcess Wealth Management LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 66.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,298 shares of the financial services provider’s stock after purchasing an additional 1,319 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Chubb were worth $745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Power Wealth Management LLC purchased a new stake in Chubb in the fourth quarter valued at approximately $272,000. U.S. Capital Wealth Advisors LLC raised its position in Chubb by 95.5% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 17,679 shares of the financial services provider’s stock valued at $3,996,000 after purchasing an additional 8,638 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Chubb by 396.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 40,415 shares of the financial services provider’s stock worth $9,133,000 after buying an additional 32,268 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Chubb by 37.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,143 shares of the financial services provider’s stock worth $484,000 after buying an additional 579 shares during the last quarter. Finally, Natixis Advisors L.P. raised its stake in Chubb by 19.4% during the 4th quarter. Natixis Advisors L.P. now owns 578,228 shares of the financial services provider’s stock valued at $130,679,000 after acquiring an additional 94,146 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent research reports. Evercore ISI boosted their target price on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley boosted their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Royal Bank of Canada dropped their price target on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Raymond James raised their price objective on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.89.

Insider Activity

In other Chubb news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’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 completion of the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders sold a total of 108,863 shares of company stock valued at $28,007,307 over the last 90 days. Insiders own 0.86% of the company’s stock.

Chubb Trading Up 1.4 %

Shares of CB opened at $252.05 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The stock has a market cap of $102.35 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The firm has a 50 day simple moving average of $251.90 and a 200-day simple moving average of $237.45.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter last year, the business posted $4.41 earnings per share. Chubb’s revenue was up 14.1% compared to the same quarter last year. Equities analysts forecast that Chubb Limited will post 21.18 EPS 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 $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.36%. Chubb’s dividend payout ratio (DPR) is 15.27%.

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.