Boston Common Asset Management LLC Sells 3,879 Shares of Chubb Limited (NYSE:CB)

Boston Common Asset Management LLC cut its position in Chubb Limited (NYSE:CB - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,581 shares of the financial services provider's stock after selling 3,879 shares during the period. Boston Common Asset Management LLC's holdings in Chubb were worth $26,449,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rede Wealth LLC lifted its position in shares of Chubb by 2.0% during the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock worth $525,000 after purchasing an additional 37 shares in the last quarter. Avitas Wealth Management LLC lifted its position in shares of Chubb by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock worth $2,421,000 after purchasing an additional 40 shares in the last quarter. Tandem Wealth Advisors LLC lifted its position in shares of Chubb by 3.0% during the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock worth $382,000 after purchasing an additional 40 shares in the last quarter. Unison Advisors LLC lifted its position in shares of Chubb by 0.3% during the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock worth $3,742,000 after purchasing an additional 41 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Chubb by 1.6% during the fourth quarter. Lindbrook Capital LLC now owns 2,716 shares of the financial services provider's stock worth $750,000 after purchasing an additional 42 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of NYSE CB traded up $3.19 during mid-day trading on Friday, reaching $297.34. 2,483,635 shares of the company were exchanged, compared to its average volume of 1,617,857. The company's 50-day simple moving average is $288.05 and its 200-day simple moving average is $281.42. 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 stock has a market capitalization of $119.15 billion, a P/E ratio of 13.09, a P/E/G ratio of 3.36 and a beta of 0.57. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91.

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

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a dividend of $0.97 per share. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.30%. Chubb's dividend payout ratio is presently 18.67%.

Chubb declared that its board has initiated a stock repurchase program on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Piper Sandler increased their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Jefferies Financial Group increased their price objective on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Raymond James reissued a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Finally, Morgan Stanley upped 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, May 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $307.53.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at $170,321,922.75. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO John W. Keogh sold 85,083 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the sale, the chief operating officer now owns 237,728 shares in the company, valued at approximately $68,998,174.72. This trade represents a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,553 shares of company stock worth $43,257,220 in the last quarter. 0.86% of the stock is currently owned by corporate 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.