Chubb Limited (NYSE:CB) Shares Purchased by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC boosted its position in Chubb Limited (NYSE:CB) by 18.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 847 shares of the financial services provider’s stock after buying an additional 134 shares during the period. Bruce G. Allen Investments LLC’s holdings in Chubb were worth $256,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CB. Pallas Capital Advisors LLC raised its holdings in Chubb by 55.7% during the first quarter. Pallas Capital Advisors LLC now owns 4,855 shares of the financial services provider’s stock worth $1,466,000 after purchasing an additional 1,736 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Chubb by 6.3% during the 1st quarter. Farther Finance Advisors LLC now owns 4,005 shares of the financial services provider’s stock worth $1,207,000 after buying an additional 239 shares in the last quarter. City Holding Co. lifted its holdings in shares of Chubb by 98.0% in the 1st quarter. City Holding Co. now owns 196 shares of the financial services provider’s stock valued at $59,000 after buying an additional 97 shares during the period. Portside Wealth Group LLC lifted its holdings in shares of Chubb by 18.9% in the 1st quarter. Portside Wealth Group LLC now owns 1,146 shares of the financial services provider’s stock valued at $346,000 after buying an additional 182 shares during the period. Finally, Moss Adams Wealth Advisors LLC boosted its stake in shares of Chubb by 17.0% in the first quarter. Moss Adams Wealth Advisors LLC now owns 1,102 shares of the financial services provider’s stock valued at $334,000 after buying an additional 160 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Up 0.8%

Shares of CB opened at $293.95 on Monday. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The company has a market capitalization of $117.79 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 3.36 and a beta of 0.54. The stock has a fifty day moving average of $287.64 and a two-hundred day moving average of $281.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

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

Chubb Increases Dividend

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

Chubb declared that its Board of Directors has approved a share buyback plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. 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. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Barclays dropped their price objective on Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. boosted their target price on Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Chubb has a consensus rating of “Moderate Buy” and an average target price of $307.53.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the company’s stock in a transaction dated 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 in the company, valued at $170,321,922.75. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO John W. Keogh sold 85,083 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the transaction, the chief operating officer now owns 237,728 shares in the company, valued at approximately $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. 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 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.