Chubb Limited (NYSE:CB) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 14.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 293,404 shares of the financial services provider's stock after purchasing an additional 36,004 shares during the quarter. Janney Montgomery Scott LLC owned about 0.07% of Chubb worth $88,605,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CB. Northstar Group Inc. boosted its position in Chubb by 16.6% during the 1st quarter. Northstar Group Inc. now owns 3,054 shares of the financial services provider's stock worth $922,000 after purchasing an additional 435 shares during the period. Mission Wealth Management LP lifted its stake in shares of Chubb by 20.8% during the first quarter. Mission Wealth Management LP now owns 11,250 shares of the financial services provider's stock worth $3,397,000 after purchasing an additional 1,939 shares in the last quarter. Brown Miller Wealth Management LLC lifted its stake in shares of Chubb by 16.1% during the first quarter. Brown Miller Wealth Management LLC now owns 14,940 shares of the financial services provider's stock worth $4,512,000 after purchasing an additional 2,076 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its position in shares of Chubb by 37.7% in the first quarter. Cyndeo Wealth Partners LLC now owns 26,340 shares of the financial services provider's stock worth $7,954,000 after buying an additional 7,205 shares during the period. Finally, Hanson & Doremus Investment Management grew its stake in shares of Chubb by 3.7% in the first quarter. Hanson & Doremus Investment Management now owns 14,061 shares of the financial services provider's stock valued at $4,246,000 after buying an additional 499 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Down 0.9%

Shares of Chubb stock opened at $286.59 on Monday. The business has a 50-day moving average price of $287.72 and a 200 day moving average price of $281.66. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The firm has a market cap of $114.84 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a dividend of $0.97 per share. This is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.35%. Chubb's payout ratio is presently 18.67%.

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

Wall Street Analyst Weigh In

CB has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group lifted their price objective on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Morgan Stanley upped their target price on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. UBS Group raised their price target on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Finally, Barclays cut their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Chubb currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.53.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the transaction, the chief operating officer now directly owns 237,728 shares of the company's stock, valued at $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,856 shares of company stock valued at $35,537,155. Company insiders own 0.77% of the company's stock.

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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