16,944 Shares in Chubb Limited (NYSE:CB) Bought by Davis Rea LTD.

Davis Rea LTD. purchased a new position in Chubb Limited (NYSE:CB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,944 shares of the financial services provider's stock, valued at approximately $5,117,000. Chubb comprises 1.4% of Davis Rea LTD.'s investment portfolio, making the stock its 23rd biggest position.

Several other hedge funds have also recently modified their holdings of CB. Innova Wealth Partners purchased a new stake in Chubb during the first quarter valued at $201,000. Advisor OS LLC increased its position in Chubb by 35.6% during the first quarter. Advisor OS LLC now owns 2,851 shares of the financial services provider's stock valued at $861,000 after acquiring an additional 748 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its position in Chubb by 1.7% during the first quarter. Argonautica Private Wealth Management Inc. now owns 11,002 shares of the financial services provider's stock valued at $3,323,000 after acquiring an additional 189 shares during the last quarter. Carnegie Investment Counsel increased its position in Chubb by 204.9% during the first quarter. Carnegie Investment Counsel now owns 142,860 shares of the financial services provider's stock valued at $41,702,000 after acquiring an additional 95,998 shares during the last quarter. Finally, Unison Advisors LLC grew its holdings in Chubb by 0.3% during the first quarter. Unison Advisors LLC now owns 13,544 shares of the financial services provider's stock valued at $4,102,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO John W. Keogh sold 85,083 shares of the firm's stock in a transaction on 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 transaction, the chief operating officer owned 237,728 shares in the company, valued at $68,998,174.72. The trade was a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,390 shares of company stock worth $29,163,135 over the last 90 days. 0.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on CB shares. Barclays lowered Chubb from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $321.00 to $298.00 in a report on Monday, July 7th. UBS Group upped their price objective on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Morgan Stanley upped their price objective on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $302.64.

Chubb Trading Down 0.3%

Shares of NYSE CB traded down $0.90 during midday trading on Friday, hitting $269.28. The company's stock had a trading volume of 2,979,052 shares, compared to its average volume of 2,031,676. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business's 50 day moving average is $284.54 and its two-hundred day moving average is $282.24. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The firm has a market cap of $107.91 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 3.08 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the prior year, the business posted $5.38 earnings per share. The company's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb declared that its board has approved a stock repurchase program on Thursday, May 15th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were issued a dividend of $0.97 per share. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Friday, June 13th. Chubb's dividend payout ratio (DPR) is presently 17.12%.

Chubb 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.