Occudo Quantitative Strategies LP Acquires Shares of 3,551 Chubb Limited (NYSE:CB)

Occudo Quantitative Strategies LP bought a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,551 shares of the financial services provider's stock, valued at approximately $981,000.

Other large investors have also recently modified their holdings of the company. Barclays PLC grew its position in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after acquiring an additional 388,746 shares during the last quarter. Aprio Wealth Management LLC grew its position in Chubb by 8.7% in the 4th quarter. Aprio Wealth Management LLC now owns 866 shares of the financial services provider's stock valued at $239,000 after acquiring an additional 69 shares during the last quarter. Brookstone Capital Management grew its position in Chubb by 7.2% in the 4th quarter. Brookstone Capital Management now owns 1,352 shares of the financial services provider's stock valued at $373,000 after acquiring an additional 91 shares during the last quarter. Capital Investment Advisors LLC grew its position in Chubb by 84.8% in the 4th quarter. Capital Investment Advisors LLC now owns 3,834 shares of the financial services provider's stock valued at $1,059,000 after acquiring an additional 1,759 shares during the last quarter. Finally, Wedmont Private Capital grew its position in Chubb by 13.9% in the 4th quarter. Wedmont Private Capital now owns 5,991 shares of the financial services provider's stock valued at $1,544,000 after acquiring an additional 733 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on CB shares. JPMorgan Chase & Co. upped their price objective on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Barclays lowered their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods lowered their target price on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. JMP Securities restated a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Finally, Raymond James restated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $307.86.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 12,231 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. This represents a 13.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now directly owns 29,194 shares of the company's stock, 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 have sold 63,470 shares of company stock worth $18,562,730 over the last quarter. 0.77% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of CB stock traded up $2.14 during mid-day trading on Friday, reaching $294.19. The stock had a trading volume of 1,402,309 shares, compared to its average volume of 1,625,006. The business's fifty day moving average is $288.43 and its 200-day moving average is $280.69. 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 firm has a market cap of $117.89 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 3.36 and a beta of 0.57. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its 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 firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed 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 an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.32%. Chubb's dividend payout ratio (DPR) is presently 17.52%.

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

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.