Core Alternative Capital Sells 5,011 Shares of Chubb Limited (NYSE:CB)

Core Alternative Capital trimmed its position in shares of Chubb Limited (NYSE:CB - Free Report) by 17.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,147 shares of the financial services provider's stock after selling 5,011 shares during the quarter. Chubb makes up about 1.8% of Core Alternative Capital's investment portfolio, making the stock its 16th biggest position. Core Alternative Capital's holdings in Chubb were worth $7,292,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Chubb by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after purchasing an additional 271,648 shares during the last quarter. FMR LLC lifted its holdings in Chubb by 0.6% in the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after buying an additional 91,892 shares during the period. Capital World Investors lifted its holdings in Chubb by 1.9% in the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock valued at $3,172,194,000 after buying an additional 212,889 shares during the period. Capital Research Global Investors lifted its holdings in Chubb by 1.5% in the fourth quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock valued at $2,457,402,000 after buying an additional 131,075 shares during the period. Finally, Demars Financial Group LLC lifted its holdings in Chubb by 16.4% in the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock valued at $1,884,004,000 after buying an additional 878,177 shares during the period. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $321.00 to $298.00 in a report on Monday. Keefe, Bruyette & Woods cut their price objective on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective on the stock. in a report on Tuesday, May 20th. UBS Group increased their price objective on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $306.00.

Chubb Stock Up 0.1%

Chubb stock traded up $0.26 during mid-day trading on Tuesday, reaching $280.23. The company's stock had a trading volume of 607,882 shares, compared to its average volume of 1,634,247. The company has a market capitalization of $112.30 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 3.16 and a beta of 0.53. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91. The business's 50 day simple moving average is $287.91 and its 200 day simple moving average is $282.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last released its 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. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. As a group, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is 18.67%.

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

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the transaction, the chief operating officer owned 237,728 shares of the company's stock, valued at $68,998,174.72. This trade represents a 26.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction 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. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 100,390 shares of company stock valued at $29,163,135. Insiders own 0.86% of the company's stock.

About Chubb

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.