Hohimer Wealth Management LLC Buys Shares of 1,891 Chubb Limited (NYSE:CB)

Hohimer Wealth Management LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,891 shares of the financial services provider's stock, valued at approximately $571,000.

Other institutional investors have also recently bought and sold shares of the company. Peoples Bank KS bought a new stake in shares of Chubb during the first quarter worth $25,000. Opal Wealth Advisors LLC bought a new stake in Chubb in the first quarter valued at about $25,000. North Capital Inc. bought a new stake in Chubb in the first quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new stake in Chubb in the fourth quarter valued at about $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 85,083 shares of the business's stock in a transaction that occurred 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,390 shares of company stock valued at $29,163,135 in the last quarter. Company insiders own 0.86% of the company's stock.

Chubb Trading Down 1.6%

Shares of CB stock traded down $4.57 during mid-day trading on Tuesday, hitting $275.63. The company's stock had a trading volume of 1,245,996 shares, compared to its average volume of 1,642,073. The company's fifty day simple moving average is $287.27 and its 200-day simple moving average is $282.29. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $110.45 billion, a PE ratio of 13.26, a P/E/G ratio of 3.09 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data 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. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. As a group, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb declared that its board has approved a stock repurchase plan 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 buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were paid a dividend of $0.97 per share. The ex-dividend date was Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.41%. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's payout ratio is 18.67%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CB. Keefe, Bruyette & Woods increased their price target on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Morgan Stanley increased their price target on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. UBS Group upped their price objective on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $307.13.

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.