Chubb Limited (NYSE:CB) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its position in Chubb Limited (NYSE:CB - Free Report) by 11.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,182 shares of the financial services provider's stock after selling 2,755 shares during the period. Sequoia Financial Advisors LLC's holdings in Chubb were worth $6,397,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CB. Demars Financial Group LLC lifted its holdings in Chubb by 26,761.4% in the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock worth $1,481,094,000 after acquiring an additional 5,340,499 shares during the last quarter. Norges Bank bought a new position in Chubb in the fourth quarter worth about $1,169,720,000. Raymond James Financial Inc. bought a new position in Chubb in the fourth quarter worth about $1,158,897,000. GAMMA Investing LLC lifted its holdings in Chubb by 36,831.3% in the first quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock worth $629,357,000 after acquiring an additional 2,078,390 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Chubb by 46.7% in the fourth quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider's stock worth $1,217,392,000 after acquiring an additional 1,403,545 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE:CB opened at $285.12 on Friday. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91. The stock has a market cap of $114.26 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 3.15 and a beta of 0.54. The stock's 50 day moving average price is $287.84 and its 200 day moving average price is $281.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

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. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. Equities research 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. Shareholders of record on Friday, June 13th will be given a $0.97 dividend. This is a positive change 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 1.36%. Chubb's payout ratio is 18.67%.

Chubb declared that its board has initiated a stock 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 reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

CB has been the topic of a number of recent research reports. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. Keefe, Bruyette & Woods cut their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. lifted their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.53.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh purchased 9,810 shares of the firm's stock in a transaction on Friday, June 6th. The shares were purchased at an average price of $292.99 per share, for a total transaction of $2,874,231.90. Following the completion of the transaction, the chief operating officer now owns 247,538 shares in the company, valued at $72,526,158.62. This represents a 4.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is currently owned by company insiders.

About Chubb

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.

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.