Creative Financial Designs Inc. ADV Reduces Position in Chubb Limited (NYSE:CB)

Creative Financial Designs Inc. ADV decreased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 87.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 615 shares of the financial services provider's stock after selling 4,324 shares during the period. Creative Financial Designs Inc. ADV's holdings in Chubb were worth $186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CB. Brighton Jones LLC boosted its stake 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 worth $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Chubb during the 4th quarter valued at approximately $205,000. Bank Pictet & Cie Europe AG acquired a new stake in Chubb during the 4th quarter worth approximately $1,320,000. Whipplewood Advisors LLC purchased a new position in shares of Chubb in the 4th quarter valued at approximately $40,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Chubb by 1.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 22,178 shares of the financial services provider's stock valued at $6,128,000 after purchasing an additional 422 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

CB opened at $285.12 on Friday. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91. The stock has a market cap of $114.26 billion, a P/E ratio of 13.72, a P/E/G ratio of 3.17 and a beta of 0.54. The stock's 50 day simple moving average is $287.84 and its 200 day simple moving average is $281.76. 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 (NYSE:CB - Get Free Report) last posted 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. The company had revenue of $12.65 billion for 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 analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The firm 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 $0.97 dividend. The ex-dividend date is Friday, June 13th. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.36%. Chubb's payout ratio 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 repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CB has been the subject of several recent research reports. Morgan Stanley increased their price target on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Jefferies Financial Group raised their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Barclays cut their price target on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lowered 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. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $307.53.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction on Friday, June 6th. The stock was 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 approximately $72,526,158.62. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.77% of the stock is owned by corporate insiders.

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.

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