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Avior Wealth Management LLC Trims Stake in Chubb Limited (NYSE:CB)

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Avior Wealth Management LLC decreased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 88.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 531 shares of the financial services provider's stock after selling 3,881 shares during the period. Avior Wealth Management LLC's holdings in Chubb were worth $160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peoples Bank KS bought a new stake in shares of Chubb during the 1st quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new stake in Chubb in the first quarter worth about $25,000. Crowley Wealth Management Inc. bought a new stake in Chubb during the 4th quarter valued at approximately $29,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after acquiring an additional 89 shares during the period. Finally, Cherry Tree Wealth Management LLC grew its holdings in shares of Chubb by 56.6% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider's stock worth $36,000 after acquiring an additional 43 shares during the period. Institutional investors own 83.81% of the company's stock.

Insider Activity at Chubb

In other news, COO John W. Keogh acquired 9,810 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average price of $292.99 per share, with a total value of $2,874,231.90. Following the completion of the acquisition, the chief operating officer now directly owns 247,538 shares of the company's stock, valued at approximately $72,526,158.62. The trade was a 4.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CB has been the topic of several research reports. Morgan Stanley lifted their price target on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. UBS Group boosted their price objective on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Piper Sandler raised their target price on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company upped their price target on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Chubb has an average rating of "Moderate Buy" and a consensus target price of $307.53.

Get Our Latest Research Report on CB

Chubb Stock Performance

Shares of NYSE:CB traded up $1.55 during midday trading on Friday, reaching $285.12. 3,781,928 shares of the company's stock traded hands, compared to its average volume of 1,626,329. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The company has a market cap of $114.26 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 3.15 and a beta of 0.54. The stock has a 50 day moving average of $287.84 and a 200 day moving average of $281.65.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb announced that its board has initiated a share buyback plan on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors 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 is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.36%. Chubb's dividend payout ratio is 18.67%.

Chubb Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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