Constitution Capital LLC Invests $302,000 in Chubb Limited (NYSE:CB)

Constitution Capital LLC acquired a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,000 shares of the financial services provider's stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CB. Brighton Jones LLC raised its holdings in shares of Chubb by 12.8% during the fourth 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 during the last quarter. Revolve Wealth Partners LLC bought a new position in Chubb in the 4th quarter worth $205,000. Stratos Wealth Partners LTD. grew its position in shares of Chubb by 3.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 8,101 shares of the financial services provider's stock worth $2,239,000 after purchasing an additional 289 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Chubb by 2.8% in the fourth quarter. Bleakley Financial Group LLC now owns 9,069 shares of the financial services provider's stock worth $2,506,000 after buying an additional 250 shares in the last quarter. Finally, Financial Advocates Investment Management grew its position in shares of Chubb by 2.0% during the fourth quarter. Financial Advocates Investment Management now owns 3,654 shares of the financial services provider's stock valued at $1,010,000 after purchasing an additional 71 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CB. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target for the company. in a report on Tuesday, May 20th. Wells Fargo & Company lifted their target price on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods cut their target price on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $307.53.

Chubb Stock Performance

NYSE:CB traded down $3.55 during midday trading on Tuesday, hitting $286.25. The company's stock had a trading volume of 1,503,417 shares, compared to its average volume of 1,617,512. 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 Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The firm's 50 day moving average is $287.07 and its 200-day moving average is $281.75. The firm has a market cap of $114.71 billion, a P/E ratio of 12.60, a P/E/G ratio of 3.36 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The firm had revenue of $12.65 billion during 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%. Equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently declared 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. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, June 13th. Chubb's dividend payout ratio (DPR) is currently 18.67%.

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

Insider Buying and Selling at Chubb

In other news, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John W. Keogh purchased 9,810 shares of the stock in a transaction on Friday, June 6th. The shares were acquired at an average price of $292.99 per share, for a total transaction of $2,874,231.90. Following the transaction, the chief operating officer now directly owns 247,538 shares of the company's stock, valued at $72,526,158.62. This represents a 4.13% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 122,619 shares of company stock valued at $35,758,738. 0.77% of the stock is owned by company insiders.

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.