Chubb Limited (NYSE:CB) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC decreased its holdings in Chubb Limited (NYSE:CB - Free Report) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,241 shares of the financial services provider's stock after selling 3,353 shares during the period. Chubb comprises 2.7% of Hunter Perkins Capital Management LLC's portfolio, making the stock its 8th largest holding. Hunter Perkins Capital Management LLC's holdings in Chubb were worth $11,572,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC increased its position in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Chubb in the fourth quarter worth approximately $205,000. Bank Pictet & Cie Europe AG bought a new position in Chubb during the fourth quarter valued at approximately $1,320,000. IFP Advisors Inc raised its position in Chubb by 106.6% during the fourth quarter. IFP Advisors Inc now owns 3,808 shares of the financial services provider's stock valued at $1,052,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in Chubb by 3.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 3,351 shares of the financial services provider's stock valued at $929,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CB shares. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price for the company. in a report on Tuesday, May 20th. Piper Sandler increased 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. Jefferies Financial Group lifted their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, Morgan Stanley upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.53.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh purchased 9,810 shares of the business's stock in a transaction dated Friday, June 6th. The stock was bought at an average price of $292.99 per share, for a total transaction of $2,874,231.90. Following the purchase, the chief operating officer now owns 247,538 shares of the company's stock, valued at $72,526,158.62. The trade was a 4.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company's stock.

Chubb Price Performance

Shares of CB opened at $283.94 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $113.78 billion, a PE ratio of 13.66, a PEG ratio of 3.15 and a beta of 0.54. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The business has a 50-day simple moving average of $287.84 and a two-hundred day simple moving average of $281.65.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared 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 is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.37%. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is presently 18.67%.

Chubb announced that its Board of Directors has initiated a share buyback program 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 buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

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.

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