Chubb Limited (NYSE:CB) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd reduced its position in Chubb Limited (NYSE:CB - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,647 shares of the financial services provider's stock after selling 2,841 shares during the quarter. USS Investment Management Ltd's holdings in Chubb were worth $21,460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rede Wealth LLC grew its position in shares of Chubb by 2.0% during the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after buying an additional 37 shares during the last quarter. United Asset Strategies Inc. boosted its stake in Chubb by 1.3% in the fourth quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock valued at $851,000 after acquiring an additional 40 shares during the period. Avitas Wealth Management LLC grew its holdings 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 valued at $2,421,000 after purchasing an additional 40 shares during the last quarter. Tandem Wealth Advisors LLC raised its position in shares of Chubb by 3.0% during the 4th 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 during the period. Finally, Unison Advisors LLC lifted its holdings in shares of Chubb by 0.3% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Down 1.0%

CB opened at $291.64 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $116.87 billion, a PE ratio of 12.84, a P/E/G ratio of 3.36 and a beta of 0.57. The stock's fifty day moving average is $288.69 and its 200-day moving average is $280.85. Chubb Limited has a one year low of $251.42 and a one year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) 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 firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, June 13th. Chubb's payout ratio is presently 17.52%.

Chubb announced that its Board of Directors has approved a stock buyback plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Jefferies Financial Group upped their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Royal Bank of Canada reissued an "outperform" rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Finally, HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research note on Wednesday, March 5th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.53.

Insider Activity at Chubb

In other Chubb news, CAO George F. Ohsiek sold 763 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the transaction, the executive vice president now owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 over the last ninety days. Insiders own 0.77% of the company's stock.

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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