Chubb Limited (NYSE:CB) Position Increased by Mount Lucas Management LP

Mount Lucas Management LP raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 107.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,487 shares of the financial services provider's stock after buying an additional 3,367 shares during the period. Mount Lucas Management LP's holdings in Chubb were worth $1,959,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Peoples Bank KS bought a new stake in shares of Chubb during the first quarter worth $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Chubb in the 1st quarter valued at $25,000. North Capital Inc. bought a new position in shares of Chubb during the first quarter valued at about $26,000. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after buying an additional 89 shares during the last quarter. Finally, Cherry Tree Wealth Management LLC increased its stake in shares of Chubb by 56.6% in the first quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider's stock worth $36,000 after purchasing an additional 43 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John W. Keogh sold 9,794 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the completion of the transaction, the chief operating officer directly 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. Over the last 90 days, insiders have sold 100,390 shares of company stock valued at $29,163,135. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

Shares of NYSE:CB opened at $279.06 on Wednesday. The company's 50 day simple moving average is $286.14 and its 200 day simple moving average is $282.31. The stock has a market capitalization of $111.83 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 3.05 and a beta of 0.53. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. 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 (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 15.05% and a return on equity of 12.37%. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the previous year, the firm posted $5.38 earnings per share. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

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

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were paid a dividend of $0.97 per share. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, June 13th. Chubb's dividend payout ratio (DPR) is currently 18.67%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CB. UBS Group upped their target price on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Keefe, Bruyette & Woods boosted their price target on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Wells Fargo & Company boosted their price target on Chubb from $278.00 to $285.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Barclays cut Chubb from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. One 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 company's stock. According to MarketBeat, Chubb has a consensus rating of "Moderate Buy" and an average target price of $307.13.

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.

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