Chubb Limited (NYSE:CB) Shares Purchased by Nepsis Inc.

Nepsis Inc. raised its holdings in Chubb Limited (NYSE:CB - Free Report) by 28.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,192 shares of the financial services provider's stock after purchasing an additional 16,669 shares during the period. Chubb comprises 5.6% of Nepsis Inc.'s holdings, making the stock its 3rd largest position. Nepsis Inc.'s holdings in Chubb were worth $22,707,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Peoples Bank KS acquired a new position in Chubb in the 1st quarter valued at $25,000. Sierra Ocean LLC purchased a new stake in shares of Chubb during the fourth quarter worth $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Strategic Financial Concepts LLC purchased a new position in shares of Chubb in the fourth quarter worth about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after buying an additional 89 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. UBS Group upped their price target on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Wells Fargo & Company lifted their price objective on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Jefferies Financial Group boosted their price objective on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Finally, HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $307.53.

Chubb Trading Down 0.9%

Shares of NYSE:CB traded down $2.70 during midday trading on Friday, reaching $286.59. 964,830 shares of the company's stock were exchanged, compared to its average volume of 1,615,759. The stock has a market cap of $114.84 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.54. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The firm's 50 day simple moving average is $287.72 and its two-hundred day simple moving average is $281.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 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 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently disclosed 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 of this dividend is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is presently 18.67%.

Chubb declared that its Board of Directors has approved a stock buyback 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 reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Activity at Chubb

In other news, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. This trade represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John W. Keogh sold 9,794 shares of Chubb stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the completion of the transaction, the chief operating officer now owns 247,538 shares of the company's stock, valued at $72,526,158.62. This trade represents a 3.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,856 shares of company stock worth $35,537,155. Insiders own 0.77% of the company's stock.

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.