UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Chubb Limited (NYSE:CB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Chubb Limited (NYSE:CB - Free Report) by 15.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,753,719 shares of the financial services provider's stock after purchasing an additional 366,559 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.68% of Chubb worth $760,853,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after purchasing an additional 388,746 shares during the period. Merit Financial Group LLC grew its position in shares of Chubb by 47.5% in the 4th quarter. Merit Financial Group LLC now owns 9,067 shares of the financial services provider's stock worth $2,505,000 after buying an additional 2,919 shares during the last quarter. RoundAngle Advisors LLC bought a new stake in shares of Chubb in the 4th quarter worth approximately $1,049,000. Trueblood Wealth Management LLC increased its stake in shares of Chubb by 6.4% during the fourth quarter. Trueblood Wealth Management LLC now owns 4,170 shares of the financial services provider's stock valued at $1,152,000 after buying an additional 250 shares during the period. Finally, M.E. Allison & CO. Inc. bought a new position in shares of Chubb during the fourth quarter valued at approximately $270,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Down 0.3%

CB stock traded down $0.78 on Friday, reaching $286.31. 745,252 shares of the company traded hands, compared to its average volume of 1,610,652. The firm has a fifty day simple moving average of $288.21 and a 200-day simple moving average of $281.06. The company has a market cap of $114.73 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

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

Chubb announced that its Board of Directors has approved a share buyback plan on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.36%. Chubb's dividend payout ratio is 18.67%.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 85,083 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was 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 approximately $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,553 shares of company stock worth $43,257,220. Insiders own 0.77% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CB shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Barclays cut their target price on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Piper Sandler increased their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Finally, Wells Fargo & Company raised their price objective on shares of Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently 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.