Yousif Capital Management LLC Has $25.36 Million Holdings in Chubb Limited (NYSE:CB)

Yousif Capital Management LLC reduced its position in shares of Chubb Limited (NYSE:CB - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,959 shares of the financial services provider's stock after selling 1,723 shares during the period. Yousif Capital Management LLC's holdings in Chubb were worth $25,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Peoples Bank KS bought a new stake in Chubb in the first quarter valued at approximately $25,000. Sierra Ocean LLC purchased a new position in shares of Chubb during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Chubb during the 4th quarter valued at $29,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 89 shares during the last quarter. Finally, Human Investing LLC bought a new position in shares of Chubb during the 4th quarter valued at about $36,000. Institutional investors own 83.81% of the company's stock.

Chubb Trading Down 0.9%

Shares of NYSE:CB traded down $2.70 during trading on Friday, reaching $286.59. 964,830 shares of the stock were exchanged, compared to its average volume of 1,615,759. 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 12-month low of $251.42 and a 12-month high of $306.91. The firm's 50-day moving average price is $287.47 and its 200 day moving average price is $281.79. The firm has a market cap of $114.84 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly 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 business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

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

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.97 per share. 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 dividend yield of 1.35%. Chubb's dividend payout ratio (DPR) is 18.67%.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. The trade was a 33.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John W. Keogh sold 85,083 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the sale, the chief operating officer now owns 237,728 shares in the company, valued at $68,998,174.72. The trade was a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,856 shares of company stock worth $35,537,155 in the last three months. 0.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CB has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft downgraded Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective for the company. in a report on Tuesday, May 20th. 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 note on Monday, May 19th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. Finally, Piper Sandler boosted their target price on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $307.53.

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.