Chubb Limited (NYSE:CB) Shares Acquired by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC boosted its stake in Chubb Limited (NYSE:CB - Free Report) by 471.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,054 shares of the financial services provider's stock after acquiring an additional 4,170 shares during the period. Philip James Wealth Mangement LLC's holdings in Chubb were worth $1,526,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its holdings in shares of Chubb by 1.1% in the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock valued at $373,110,000 after acquiring an additional 14,610 shares during the last quarter. Canopy Partners LLC increased its stake in Chubb by 94.4% during the fourth quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock valued at $1,331,000 after purchasing an additional 2,340 shares during the last quarter. Vista Investment Partners II LLC acquired a new stake in shares of Chubb during the fourth quarter worth $2,442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Chubb by 15.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider's stock valued at $760,853,000 after buying an additional 366,559 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Chubb during the 4th quarter valued at about $1,158,897,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Up 0.4%

Shares of CB opened at $283.94 on Friday. The business's 50-day moving average price is $287.84 and its 200 day moving average price is $281.65. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $113.78 billion, a P/E ratio of 13.66, a P/E/G ratio of 3.15 and a beta of 0.54. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91.

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. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

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

Chubb Increases Dividend

The company 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 dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.37%. Chubb's dividend payout ratio (DPR) is 18.67%.

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 9,794 shares of Chubb stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 247,538 shares of the company's stock, valued at approximately $72,526,158.62. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CB has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective for the company. in a research report on Tuesday, May 20th. UBS Group upped their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Barclays lowered 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 target on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Jefferies Financial Group raised their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $307.53.

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.

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