Unio Capital LLC Increases Position in Chubb Limited (NYSE:CB)

Unio Capital LLC lifted its stake in Chubb Limited (NYSE:CB - Free Report) by 45.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,950 shares of the financial services provider's stock after buying an additional 30,825 shares during the quarter. Chubb makes up about 9.7% of Unio Capital LLC's investment portfolio, making the stock its largest position. Unio Capital LLC's holdings in Chubb were worth $27,064,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CB. Barclays PLC grew its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Merit Financial Group LLC boosted its position in shares of Chubb by 47.5% during the fourth quarter. Merit Financial Group LLC now owns 9,067 shares of the financial services provider's stock valued at $2,505,000 after buying an additional 2,919 shares during the period. RoundAngle Advisors LLC bought a new position in shares of Chubb during the fourth quarter valued at approximately $1,049,000. Trueblood Wealth Management LLC raised its holdings in shares of Chubb by 6.4% in the fourth quarter. Trueblood Wealth Management LLC now owns 4,170 shares of the financial services provider's stock worth $1,152,000 after buying an additional 250 shares during the period. Finally, M.E. Allison & CO. Inc. bought a new stake in shares of Chubb during the 4th quarter worth approximately $270,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Barclays reduced their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Morgan Stanley boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday. Raymond James reissued a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This trade represents a 11.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This trade represents a 33.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,553 shares of company stock valued at $43,257,220. Company insiders own 0.77% of the company's stock.

Chubb Stock Down 0.3%

NYSE:CB traded down $0.78 during mid-day trading on Friday, reaching $286.31. The stock had a trading volume of 745,252 shares, compared to its average volume of 1,606,850. The stock's 50 day simple moving average is $288.39 and its two-hundred day simple moving average is $280.99. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91. The company has a market capitalization of $114.73 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last released 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 net margin of 16.63% and a return on equity of 13.75%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The business also recently announced 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 yield of 1.36%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is currently 18.67%.

Chubb announced that its Board of Directors has initiated a stock 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 board of directors believes its shares are undervalued.

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.