Chubb Limited (NYSE:CB) Shares Purchased by GoodHaven Capital Management LLC

GoodHaven Capital Management LLC boosted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 23.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,955 shares of the financial services provider's stock after buying an additional 8,090 shares during the period. Chubb accounts for approximately 4.4% of GoodHaven Capital Management LLC's portfolio, making the stock its 11th biggest holding. GoodHaven Capital Management LLC's holdings in Chubb were worth $12,972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Chubb in the 4th quarter valued at approximately $205,000. Silver Oak Securities Incorporated acquired a new position in shares of Chubb in the fourth quarter valued at approximately $170,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb during the fourth quarter worth approximately $30,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Chubb during the fourth quarter worth $139,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,619 shares of company stock worth $35,758,738. 0.77% of the stock is owned by insiders.

Chubb Price Performance

Shares of NYSE:CB traded up $3.49 during midday trading on Thursday, hitting $289.10. 1,253,131 shares of the stock were exchanged, compared to its average volume of 1,615,987. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $287.17 and a 200-day moving average price of $281.77. The stock has a market cap of $115.85 billion, a P/E ratio of 12.72, a PEG ratio of 3.36 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results 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. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

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

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 paid a $0.97 dividend. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.34%. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is presently 18.67%.

Wall Street Analyst Weigh In

CB has been the topic of several recent research reports. UBS Group boosted their price objective 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. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Barclays dropped 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. Finally, Raymond James reissued a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Chubb currently has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

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.