Catalina Capital Group LLC Sells 1,664 Shares of Chubb Limited (NYSE:CB)

Catalina Capital Group LLC lessened its holdings in Chubb Limited (NYSE:CB - Free Report) by 65.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 860 shares of the financial services provider's stock after selling 1,664 shares during the period. Catalina Capital Group LLC's holdings in Chubb were worth $260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. California Public Employees Retirement System raised its stake in Chubb by 1.1% during the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock worth $373,110,000 after purchasing an additional 14,610 shares during the period. Canopy Partners LLC boosted its stake in Chubb by 94.4% during the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock valued at $1,331,000 after acquiring an additional 2,340 shares during the last quarter. Vista Investment Partners II LLC bought a new position in Chubb during the 4th quarter valued at $2,442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Chubb by 15.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider's stock worth $760,853,000 after buying an additional 366,559 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Chubb in the 4th quarter worth about $1,158,897,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

CB has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Barclays lowered their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group boosted their price objective on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, Morgan Stanley boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $307.53.

Insider Activity at Chubb

In related news, COO John W. Keogh bought 9,810 shares of the company's stock in a transaction on Friday, June 6th. The shares were purchased at an average cost of $292.99 per share, for a total transaction of $2,874,231.90. Following the acquisition, the chief operating officer now owns 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This represents a 4.13% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.77% of the stock is currently owned by corporate insiders.

Chubb Trading Up 0.5%

Shares of NYSE CB traded up $1.46 during mid-day trading on Friday, hitting $283.61. The company's stock had a trading volume of 2,389,071 shares, compared to its average volume of 1,617,447. The stock has a market cap of $113.65 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 3.14 and a beta of 0.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The company's fifty day simple moving average is $287.88 and its 200-day simple moving average is $281.60.

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 (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.37%. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. Chubb's dividend payout ratio (DPR) is currently 18.67%.

Chubb declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

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.