Chubb Limited (NYSE:CB) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lessened its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 11.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 552,174 shares of the financial services provider's stock after selling 68,657 shares during the period. Chubb makes up approximately 1.7% of Cooke & Bieler LP's holdings, making the stock its 19th largest holding. Cooke & Bieler LP owned approximately 0.14% of Chubb worth $166,751,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Peoples Bank KS bought a new position in Chubb in the 1st quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Chubb during the first quarter valued at $25,000. North Capital Inc. purchased a new position in shares of Chubb during the first quarter valued at $26,000. Crowley Wealth Management Inc. purchased a new position in shares of Chubb during the fourth quarter valued at $29,000. Finally, Cherry Tree Wealth Management LLC increased its stake in shares of Chubb by 56.6% during the first quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider's stock valued at $36,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Down 0.6%

Chubb stock traded down $1.72 during midday trading on Friday, reaching $273.74. The company's stock had a trading volume of 2,977,889 shares, compared to its average volume of 1,654,391. The stock's 50-day simple moving average is $286.47 and its 200-day simple moving average is $282.21. 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 52-week low of $252.16 and a 52-week high of $306.91. The stock has a market capitalization of $109.69 billion, a P/E ratio of 13.17, a PEG ratio of 3.09 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. On average, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a dividend of $0.97 per share. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.42%. Chubb's payout ratio is 18.67%.

Chubb declared that its Board of Directors has authorized a stock buyback program on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CB. Keefe, Bruyette & Woods raised their price target on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Jefferies Financial Group raised their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. raised their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Piper Sandler raised their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company raised their price objective on Chubb from $278.00 to $285.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $307.13.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John W. Keogh sold 9,794 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $292.99, for a total value of $2,869,544.06. Following the completion of the transaction, the chief operating officer directly owned 247,538 shares of the company's stock, valued at $72,526,158.62. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,390 shares of company stock valued at $29,163,135 in the last ninety days. Corporate 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.