Two Sigma Advisers LP Purchases 1,100 Shares of Chubb Limited (NYSE:CB)

Two Sigma Advisers LP increased its stake in Chubb Limited (NYSE:CB - Free Report) by 83.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,413 shares of the financial services provider's stock after purchasing an additional 1,100 shares during the quarter. Two Sigma Advisers LP's holdings in Chubb were worth $667,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Chubb during the fourth quarter worth about $205,000. Chicago Partners Investment Group LLC grew its position in Chubb by 3.0% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,078 shares of the financial services provider's stock worth $554,000 after buying an additional 60 shares in the last quarter. CENTRAL TRUST Co grew its position in Chubb by 3.3% during the fourth quarter. CENTRAL TRUST Co now owns 3,690 shares of the financial services provider's stock worth $1,020,000 after buying an additional 119 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. grew its position in Chubb by 1.8% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 3,139 shares of the financial services provider's stock worth $867,000 after buying an additional 55 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the transaction, the chief operating officer now owns 237,728 shares of the company's stock, valued at $68,998,174.72. This represents a 26.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the company's 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 transaction, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,553 shares of company stock valued at $40,387,620 in the last 90 days. Insiders own 0.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CB shares. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their price target on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research note 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $307.53.

Chubb Trading Down 0.2%

Shares of NYSE CB traded down $0.71 during midday trading on Thursday, reaching $291.07. The company had a trading volume of 1,306,317 shares, compared to its average volume of 1,614,839. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average price is $288.02 and its 200-day moving average price is $281.63. The stock has a market cap of $116.64 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

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

Chubb declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 15th that permits the company to repurchase $5.00 billion in 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 generally a sign that the company's board believes its shares are undervalued.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given 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 is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.33%. Chubb's dividend payout ratio is presently 18.67%.

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.