First Hawaiian Bank Sells 1,016 Shares of Chubb Limited (NYSE:CB)

First Hawaiian Bank reduced its stake in shares of Chubb Limited (NYSE:CB) by 14.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,191 shares of the financial services provider’s stock after selling 1,016 shares during the quarter. First Hawaiian Bank’s holdings in Chubb were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CB. Lederer & Associates Investment Counsel CA increased its holdings in shares of Chubb by 1.7% in the first quarter. Lederer & Associates Investment Counsel CA now owns 7,570 shares of the financial services provider’s stock worth $2,286,000 after purchasing an additional 128 shares during the last quarter. Marcum Wealth LLC increased its stake in Chubb by 2.4% in the 1st quarter. Marcum Wealth LLC now owns 3,841 shares of the financial services provider’s stock worth $1,160,000 after acquiring an additional 91 shares during the last quarter. Cullen Investment Group LTD. increased its stake in Chubb by 5.1% in the 1st quarter. Cullen Investment Group LTD. now owns 21,558 shares of the financial services provider’s stock worth $6,510,000 after acquiring an additional 1,044 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Chubb by 4.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 99,311 shares of the financial services provider’s stock worth $29,991,000 after acquiring an additional 3,860 shares in the last quarter. Finally, Northeast Planning Associates INC. NH bought a new position in shares of Chubb during the 4th quarter valued at approximately $246,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,553 shares of company stock valued at $43,257,220 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Up 1.7%

NYSE:CB opened at $293.94 on Friday. The company has a market cap of $117.79 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $287.93 and a 200-day simple moving average of $281.32.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a dividend of $0.97 per share. This is an increase from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, June 13th. Chubb’s dividend payout ratio (DPR) is presently 18.67%.

Analyst Upgrades and Downgrades

CB has been the topic of several research reports. UBS Group boosted their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Jefferies Financial Group lifted their price objective on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Piper Sandler boosted their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. lifted their price target on Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Finally, HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and a consensus target price of $307.53.

Chubb Company Profile

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.