Chubb Limited (NYSE:CB) Shares Acquired by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 96.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,088 shares of the financial services provider's stock after buying an additional 2,500 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in Chubb were worth $1,406,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CB. Barclays PLC lifted its position in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after acquiring an additional 388,746 shares in the last quarter. California Public Employees Retirement System grew its position in Chubb by 1.1% during the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock worth $373,110,000 after purchasing an additional 14,610 shares in the last quarter. Canopy Partners LLC raised its stake in Chubb by 94.4% during the 4th 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 period. Vista Investment Partners II LLC purchased a new stake in shares of Chubb in the fourth quarter valued at $2,442,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Chubb in the fourth quarter valued at $1,158,897,000. Institutional investors own 83.81% of the company's stock.

Chubb Stock Down 1.0%

CB stock opened at $291.64 on Wednesday. The firm has a market cap of $116.87 billion, a PE ratio of 12.84, a PEG ratio of 3.36 and a beta of 0.57. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The company has a fifty day simple moving average of $288.69 and a 200 day simple moving average of $280.85. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share 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 return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

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 issued a $0.97 dividend. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, June 13th. Chubb's payout ratio is 17.52%.

Chubb announced that its board has initiated a share buyback plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler lifted their price target on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Barclays decreased their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Jefferies Financial Group upped their target price on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. JMP Securities restated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Finally, Morgan Stanley boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated 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 directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56% decrease in their ownership of the stock. The transaction 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 business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 over the last 90 days. 0.77% of the stock is currently owned by company insiders.

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.

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