Chubb Limited (NYSE:CB) Shares Sold by American Trust

American Trust lessened its position in shares of Chubb Limited (NYSE:CB - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,776 shares of the financial services provider's stock after selling 893 shares during the quarter. American Trust's holdings in Chubb were worth $1,872,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Forum Financial Management LP lifted its holdings in Chubb by 48.8% during the fourth quarter. Forum Financial Management LP now owns 6,788 shares of the financial services provider's stock valued at $1,876,000 after purchasing an additional 2,227 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Chubb during the fourth quarter valued at $1,220,000. Parr Mcknight Wealth Management Group LLC purchased a new position in Chubb during the fourth quarter valued at $4,322,000. Sunbelt Securities Inc. lifted its holdings in Chubb by 752.7% during the fourth quarter. Sunbelt Securities Inc. now owns 955 shares of the financial services provider's stock valued at $263,000 after purchasing an additional 843 shares in the last quarter. Finally, Vise Technologies Inc. lifted its holdings in Chubb by 81.7% during the fourth quarter. Vise Technologies Inc. now owns 4,916 shares of the financial services provider's stock valued at $1,358,000 after purchasing an additional 2,210 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Trading Up 1.7%

CB stock traded up $4.94 during trading on Thursday, reaching $293.94. 1,749,013 shares of the stock were exchanged, compared to its average volume of 1,612,190. 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 business has a 50 day moving average price of $287.88 and a 200-day moving average price of $281.23. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The firm has a market capitalization of $117.79 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.57.

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

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. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.32%. Chubb's dividend payout ratio (DPR) is currently 18.67%.

Chubb declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CB shares. Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. HSBC raised shares of 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. Keefe, Bruyette & Woods decreased their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley raised their price target on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Jefferies Financial Group raised their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $307.53.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the sale, the chief operating officer now owns 237,728 shares of the company's stock, valued at approximately $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,553 shares of company stock worth $43,257,220 over the last three months. Insiders own 0.86% of the company's stock.

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.