Chubb Limited (NYSE:CB) is LS Investment Advisors LLC's 9th Largest Position

LS Investment Advisors LLC cut its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,012 shares of the financial services provider's stock after selling 1,817 shares during the period. Chubb makes up 2.4% of LS Investment Advisors LLC's investment portfolio, making the stock its 9th biggest holding. LS Investment Advisors LLC's holdings in Chubb were worth $15,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Chubb in the 4th quarter worth $205,000. Avitas Wealth Management LLC boosted its holdings in shares of Chubb by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock valued at $2,421,000 after acquiring an additional 40 shares in the last quarter. Sargent Investment Group LLC boosted its holdings in shares of Chubb by 5.1% in the fourth quarter. Sargent Investment Group LLC now owns 1,204 shares of the financial services provider's stock valued at $315,000 after acquiring an additional 58 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in shares of Chubb by 3.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 8,101 shares of the financial services provider's stock worth $2,239,000 after acquiring an additional 289 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. This represents a 33.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the sale, the chief operating officer now directly owns 237,728 shares of the company's stock, valued at approximately $68,998,174.72. This represents a 26.36% decrease in their position. 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. Corporate insiders own 0.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. UBS Group upped their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective on the stock. in a report on Tuesday, May 20th. Finally, Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Two research 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's stock. According to MarketBeat, Chubb has an average rating of "Moderate Buy" and an average target price of $307.53.

Chubb Price Performance

CB stock traded up $2.43 on Friday, reaching $293.95. The company had a trading volume of 1,339,772 shares, compared to its average volume of 1,616,765. The company's fifty day moving average is $287.79 and its 200 day moving average is $281.65. The company has a market cap of $117.79 billion, a P/E ratio of 12.94, a PEG ratio of 3.36 and a beta of 0.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released 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. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. On average, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

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

Chubb Increases Dividend

The company 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 $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.32%. Chubb's payout ratio is presently 18.67%.

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.