Chubb Limited (NYSE:CB) Shares Bought by Focus Partners Wealth

Focus Partners Wealth grew its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 72.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,165 shares of the financial services provider's stock after acquiring an additional 12,219 shares during the period. Focus Partners Wealth's holdings in Chubb were worth $8,127,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Demars Financial Group LLC grew its stake in Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after buying an additional 5,340,499 shares during the last quarter. Norges Bank bought a new stake in shares of Chubb in the 4th quarter valued at approximately $1,169,720,000. Raymond James Financial Inc. acquired a new position in Chubb during the fourth quarter worth $1,158,897,000. Castlekeep Investment Advisors LLC bought a new position in shares of Chubb in the fourth quarter valued at approximately $336,972,000. Finally, GQG Partners LLC grew its holdings in shares of Chubb by 36.3% during the fourth quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock worth $1,223,932,000 after purchasing an additional 1,178,628 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Price Performance

Shares of Chubb stock traded up $0.72 during trading on Monday, hitting $295.05. The stock had a trading volume of 236,223 shares, compared to its average volume of 1,608,851. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91. The business's 50-day moving average is $288.43 and its 200 day moving average is $280.66. The firm has a market cap of $118.24 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 3.36 and a beta of 0.57. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

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

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

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, June 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.32%. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is presently 17.52%.

Insider Activity at Chubb

In other Chubb news, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at $5,820,978.04. The trade was a 3.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. The trade was a 33.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research note on Wednesday, March 5th. Morgan Stanley upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Finally, UBS Group raised their target price on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Chubb has a consensus rating of "Moderate Buy" and a consensus target price of $307.86.

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.