Mufg Securities Americas Inc. Acquires Shares of 5,535 Chubb Limited (NYSE:CB)

Mufg Securities Americas Inc. purchased a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,535 shares of the financial services provider's stock, valued at approximately $1,529,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Barclays PLC increased its stake in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares during the period. California Public Employees Retirement System increased its stake in shares of Chubb by 1.1% during the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock valued at $373,110,000 after buying an additional 14,610 shares during the period. Canopy Partners LLC increased its stake in shares of Chubb by 94.4% during the fourth quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock valued at $1,331,000 after buying an additional 2,340 shares during the period. Vista Investment Partners II LLC purchased a new position in shares of Chubb during the fourth quarter valued at $2,442,000. Finally, Boston Common Asset Management LLC increased its stake in shares of Chubb by 8.0% during the fourth quarter. Boston Common Asset Management LLC now owns 91,460 shares of the financial services provider's stock valued at $25,270,000 after buying an additional 6,792 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

Shares of CB stock traded up $2.14 during midday trading on Friday, hitting $294.19. The company had a trading volume of 1,402,309 shares, compared to its average volume of 1,625,006. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company's 50 day simple moving average is $288.43 and its 200 day simple moving average is $280.69. The stock 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 52-week low of $251.42 and a 52-week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb declared that its board has approved a stock buyback program 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders 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 of this dividend is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.32%. Chubb's dividend payout ratio (DPR) is presently 17.52%.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the business'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 sale, the executive vice president now owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. The trade was a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.77% of the company's stock.

Analyst Ratings Changes

CB has been the topic of a number of recent research reports. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Piper Sandler raised their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $307.86.

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.