Chubb Limited (NYSE:CB) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lessened its stake in Chubb Limited (NYSE:CB - Free Report) by 31.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,242 shares of the financial services provider's stock after selling 1,035 shares during the quarter. Axxcess Wealth Management LLC's holdings in Chubb were worth $677,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. California Public Employees Retirement System lifted its holdings in shares of 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 in the last quarter. Canopy Partners LLC lifted its holdings in shares of 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 acquiring an additional 2,340 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Chubb by 15.4% during 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 acquiring an additional 366,559 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Chubb by 3.3% during the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock valued at $13,070,000 after acquiring an additional 1,375 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Chubb by 9.1% during the 1st quarter. Golden State Wealth Management LLC now owns 549 shares of the financial services provider's stock valued at $166,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Down 1.0%

Shares of CB traded down $2.88 during midday trading on Friday, hitting $277.66. The company had a trading volume of 1,249,414 shares, compared to its average volume of 1,646,171. The company's 50 day moving average price is $287.42 and its 200 day moving average price is $282.25. The stock has a market cap of $111.27 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 3.09 and a beta of 0.53. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

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, topping the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 15.05% and a return on equity of 12.37%. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is currently 18.67%.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Jefferies Financial Group boosted their price objective on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a report on Friday, April 11th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Finally, Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $321.00 to $298.00 in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.13.

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the sale, the insider owned 91,180 shares of the company's stock, valued at $26,447,670.80. This represents a 5.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John W. Keogh sold 9,794 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the sale, the chief operating officer directly owned 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,390 shares of company stock valued at $29,163,135. Insiders own 0.77% of the company's stock.

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.