EverSource Wealth Advisors LLC Has $621,000 Stake in Chubb Limited (NYSE:CB)

EverSource Wealth Advisors LLC grew its stake in Chubb Limited (NYSE:CB) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,248 shares of the financial services provider’s stock after purchasing an additional 312 shares during the period. EverSource Wealth Advisors LLC’s holdings in Chubb were worth $621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CB. Impax Asset Management Group plc acquired a new stake in shares of Chubb during the 3rd quarter valued at about $26,336,000. Harbour Investments Inc. boosted its position in shares of Chubb by 3.3% during the 3rd quarter. Harbour Investments Inc. now owns 2,083 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 66 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Chubb by 7.9% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,079 shares of the financial services provider’s stock valued at $600,000 after acquiring an additional 153 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of Chubb by 19.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,260 shares of the financial services provider’s stock valued at $2,959,000 after acquiring an additional 1,670 shares in the last quarter. Finally, Haverford Trust Co boosted its position in shares of Chubb by 4.6% during the 3rd quarter. Haverford Trust Co now owns 9,613 shares of the financial services provider’s stock valued at $2,772,000 after acquiring an additional 423 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of CB stock opened at $288.57 on Friday. The stock has a 50-day moving average price of $273.14 and a 200 day moving average price of $280.69. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a market cap of $115.55 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. Chubb’s payout ratio is 16.02%.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares of the company’s stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CB. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $299.27.

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.