Chubb Limited (NYSE:CB) Shares Bought by Sivia Capital Partners LLC

Sivia Capital Partners LLC raised its holdings in Chubb Limited (NYSE:CB) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,217 shares of the financial services provider’s stock after purchasing an additional 59 shares during the quarter. Sivia Capital Partners LLC’s holdings in Chubb were worth $368,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Peoples Bank KS acquired a new position in Chubb in the first quarter valued at $25,000. Sierra Ocean LLC acquired a new position in shares of Chubb during the fourth quarter worth about $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Chubb during the fourth quarter worth about $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb during the fourth quarter worth about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 89 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. UBS Group upped their target price 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. Raymond James restated a “strong-buy” rating on shares of Chubb in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a “buy” rating to a “hold” rating and set a $303.00 target price on the stock. in a research report on Tuesday, May 20th. Finally, HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $307.53.

Insider Buying and Selling

In other news, COO John W. Keogh sold 85,083 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the sale, the chief operating officer now owns 237,728 shares of the company’s stock, valued at $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. The trade was a 4.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 138,553 shares of company stock valued at $40,387,620. Insiders own 0.77% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $293.95 on Friday. 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 company has a market capitalization of $117.79 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 3.36 and a beta of 0.54. The company’s 50 day simple moving average is $287.64 and its 200 day simple moving average is $281.71. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. The business 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%. On average, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

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

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

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.