Coastline Trust Co Has $4.29 Million Position in Chubb Limited (NYSE:CB)

Coastline Trust Co decreased its holdings in Chubb Limited (NYSE:CB - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,196 shares of the financial services provider's stock after selling 979 shares during the quarter. Coastline Trust Co's holdings in Chubb were worth $4,287,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CB. Brighton Jones LLC boosted its stake in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Chubb during the fourth quarter valued at about $205,000. Bank Pictet & Cie Europe AG acquired a new position in Chubb during the fourth quarter worth about $1,320,000. Versor Investments LP bought a new stake in Chubb in the fourth quarter worth about $309,000. Finally, Maia Wealth LLC boosted its position in shares of Chubb by 8.3% during the 4th quarter. Maia Wealth LLC now owns 771 shares of the financial services provider's stock valued at $213,000 after purchasing an additional 59 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction 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 transaction, the chief operating officer owned 247,538 shares in the company, valued at approximately $72,526,158.62. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Down 3.4%

CB traded down $9.77 during trading on Wednesday, reaching $279.82. 2,540,551 shares of the stock traded hands, compared to its average volume of 1,632,239. The stock's 50-day simple moving average is $288.00 and its two-hundred day simple moving average is $281.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The stock has a market cap of $112.13 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 3.22 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The company 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 12.37% and a net margin of 15.05%. As a group, equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb declared that its board has authorized a stock buyback plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.39%. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. Chubb's payout ratio is currently 18.67%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CB. Piper Sandler lifted their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a report on Tuesday, May 20th. Barclays decreased their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Raymond James Financial reissued a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Finally, Wells Fargo & Company raised their target price on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.