UMB Bank n.a. Decreases Stock Position in Chubb Limited (NYSE:CB)

UMB Bank n.a. trimmed its position in Chubb Limited (NYSE:CB - Free Report) by 71.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,361 shares of the financial services provider's stock after selling 25,805 shares during the quarter. UMB Bank n.a.'s holdings in Chubb were worth $3,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Orrstown Financial Services Inc. increased its position in Chubb by 57.3% in the 1st quarter. Orrstown Financial Services Inc. now owns 1,139 shares of the financial services provider's stock worth $344,000 after buying an additional 415 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Chubb by 5.1% in the first quarter. Sivia Capital Partners LLC now owns 1,217 shares of the financial services provider's stock worth $368,000 after acquiring an additional 59 shares during the last quarter. Sunflower Bank N.A. increased its position in Chubb by 4.4% during the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock worth $273,000 after acquiring an additional 38 shares during the period. Perkins Coie Trust Co increased its position in Chubb by 0.5% during the first quarter. Perkins Coie Trust Co now owns 18,599 shares of the financial services provider's stock worth $5,616,000 after acquiring an additional 101 shares during the period. Finally, Stokes Capital Advisors LLC raised its stake in Chubb by 1.7% during the 1st quarter. Stokes Capital Advisors LLC now owns 26,239 shares of the financial services provider's stock valued at $7,924,000 after purchasing an additional 446 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 1.2%

Shares of CB stock traded up $3.49 during trading hours on Thursday, hitting $289.10. 1,253,131 shares of the company were exchanged, compared to its average volume of 1,615,987. The company has a 50 day simple moving average of $287.17 and a two-hundred day simple moving average of $281.77. The firm has a market cap of $115.85 billion, a P/E ratio of 12.72, a P/E/G ratio of 3.36 and a beta of 0.54. 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 fifty-two week low of $251.42 and a fifty-two week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The business 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 dividend of $0.97 per share. The ex-dividend date is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.34%. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is presently 18.67%.

Chubb announced that its board has approved a stock buyback 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 purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CB shares. Barclays decreased their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research note on Tuesday, May 20th. JPMorgan Chase & Co. increased 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. 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 research report on Monday, May 19th. Finally, Jefferies Financial Group upped their target price on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Buying and Selling

In other news, COO John W. Keogh sold 85,083 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 237,728 shares in the company, valued at approximately $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now directly owns 78,422 shares in the company, valued at approximately $23,120,374.04. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,619 shares of company stock worth $35,758,738. Insiders own 0.77% of the company's stock.

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.