Thurston Springer Miller Herd & Titak Inc. Buys 2,643 Shares of Chubb Limited (NYSE:CB)

Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Chubb Limited (NYSE:CB - Free Report) by 26.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,821 shares of the financial services provider's stock after buying an additional 2,643 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Chubb were worth $3,872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CB. California Public Employees Retirement System lifted its stake 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 valued at $373,110,000 after acquiring an additional 14,610 shares during the period. Canopy Partners LLC boosted its holdings in Chubb by 94.4% in the fourth quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock worth $1,331,000 after purchasing an additional 2,340 shares during the last quarter. Vista Investment Partners II LLC bought a new stake in Chubb in the 4th quarter worth approximately $2,442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 worth $760,853,000 after purchasing an additional 366,559 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Chubb during the 4th quarter valued at $1,158,897,000. Institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at $170,321,922.75. The trade was a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $24,694,489.92. Following the sale, the chief operating officer now directly owns 237,728 shares in the company, 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. In the last ninety days, insiders have sold 138,553 shares of company stock worth $40,387,620. Insiders own 0.77% of the company's stock.

Chubb Price Performance

Shares of NYSE CB traded up $2.43 during mid-day trading on Friday, reaching $293.95. The company's stock had a trading volume of 1,339,772 shares, compared to its average volume of 1,616,765. 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 Limited has a 52 week low of $251.42 and a 52 week high of $306.91. The stock has a fifty day moving average of $287.79 and a two-hundred day moving average of $281.65. The firm has a market capitalization of $117.79 billion, a PE ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. The business 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%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb declared that its Board of Directors has approved a share repurchase program on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

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 paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.32%. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. Chubb's dividend payout ratio (DPR) is presently 18.67%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CB. UBS Group lifted their price objective on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research report on Tuesday, May 20th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Raymond James reissued a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Finally, Piper Sandler upped their target price on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.