Siemens Fonds Invest GmbH Sells 22,473 Shares of Chubb Limited (NYSE:CB)

Siemens Fonds Invest GmbH reduced its position in Chubb Limited (NYSE:CB - Free Report) by 95.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,167 shares of the financial services provider's stock after selling 22,473 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Chubb were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Sierra Ocean LLC bought a new position in Chubb during the fourth quarter valued at $29,000. Crowley Wealth Management Inc. purchased a new position in Chubb in the 4th quarter worth about $29,000. Kayne Anderson Rudnick Investment Management LLC increased its position in Chubb by 254.3% during the 4th 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 period. Human Investing LLC purchased a new position in Chubb during the 4th quarter valued at about $36,000. Finally, Mainstream Capital Management LLC purchased a new position in Chubb during the 4th quarter valued at about $37,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CB. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods dropped their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group lifted their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. 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 research note on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research note on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $307.53.

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were 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 owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This trade represents a 33.56% decrease in their position. The sale 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 10,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 148,553 shares of company stock valued at $43,257,220 over the last 90 days. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of CB stock traded up $3.19 during trading hours on Friday, reaching $297.34. 2,483,635 shares of the company's stock were exchanged, compared to its average volume of 1,611,621. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $119.15 billion, a P/E ratio of 13.09, a P/E/G ratio of 3.36 and a beta of 0.57. The business has a fifty day moving average price of $288.05 and a 200-day moving average price of $281.42.

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, beating 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 during the quarter, compared to analysts' expectations of $11.22 billion. Analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's payout ratio is currently 18.67%.

Chubb declared that its board has authorized a share repurchase plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Chubb 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.