Cerity Partners LLC Acquires 25,936 Shares of Chubb Limited (NYSE:CB)

Cerity Partners LLC increased its holdings in Chubb Limited (NYSE:CB - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,888 shares of the financial services provider's stock after acquiring an additional 25,936 shares during the period. Cerity Partners LLC owned about 0.07% of Chubb worth $86,337,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Financial Gravity Asset Management Inc. bought a new position in shares of Chubb in the first quarter valued at approximately $47,000. Alps Advisors Inc. grew its holdings in shares of Chubb by 1.1% in the first quarter. Alps Advisors Inc. now owns 20,042 shares of the financial services provider's stock valued at $6,052,000 after acquiring an additional 220 shares in the last quarter. Rock Point Advisors LLC grew its holdings in shares of Chubb by 0.9% in the first quarter. Rock Point Advisors LLC now owns 16,297 shares of the financial services provider's stock valued at $4,922,000 after acquiring an additional 148 shares in the last quarter. Quotient Wealth Partners LLC grew its holdings in shares of Chubb by 4.3% in the first quarter. Quotient Wealth Partners LLC now owns 1,421 shares of the financial services provider's stock valued at $429,000 after acquiring an additional 58 shares in the last quarter. Finally, Van Cleef Asset Management Inc grew its holdings in shares of Chubb by 0.3% in the first quarter. Van Cleef Asset Management Inc now owns 24,265 shares of the financial services provider's stock valued at $7,328,000 after acquiring an additional 72 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Chubb stock opened at $277.66 on Friday. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The business has a fifty day moving average price of $287.42 and a 200-day moving average price of $282.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $111.27 billion, a P/E ratio of 13.36, a PEG ratio of 3.12 and a beta of 0.53.

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

Chubb announced that its Board of Directors has initiated a stock buyback program on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is 18.67%.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 5,513 shares of the stock in a transaction 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 sale, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO John W. Keogh sold 9,794 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $292.99, for a total value of $2,869,544.06. Following the completion of the sale, the chief operating officer owned 247,538 shares in the company, valued at $72,526,158.62. This trade represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,390 shares of company stock worth $29,163,135 in the last quarter. 0.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on CB shares. JPMorgan Chase & Co. increased their price objective on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Morgan Stanley increased their price objective on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Barclays lowered Chubb from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $321.00 to $298.00 in a report on Monday, July 7th. Raymond James Financial reissued a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Finally, Jefferies Financial Group increased their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $307.13.

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.

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