Cullen Investment Group LTD. Purchases 1,044 Shares of Chubb Limited (NYSE:CB)

Cullen Investment Group LTD. grew its position in Chubb Limited (NYSE:CB - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,558 shares of the financial services provider's stock after acquiring an additional 1,044 shares during the period. Chubb comprises about 1.0% of Cullen Investment Group LTD.'s portfolio, making the stock its 29th largest holding. Cullen Investment Group LTD.'s holdings in Chubb were worth $6,510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CB. Sierra Ocean LLC bought a new stake in shares of Chubb during the 4th quarter worth about $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Chubb during the 4th quarter worth about $29,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after buying an additional 89 shares during the period. Human Investing LLC bought a new stake in shares of Chubb during the 4th quarter worth about $36,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Chubb during the 4th quarter worth about $37,000. Institutional investors own 83.81% of the company's stock.

Chubb Price Performance

NYSE:CB traded up $3.19 on Friday, hitting $297.34. The company had a trading volume of 2,483,635 shares, compared to its average volume of 1,617,857. Chubb Limited has a 52 week low of $251.42 and a 52 week high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $119.15 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 3.36 and a beta of 0.57. The firm has a 50 day moving average of $288.05 and a two-hundred day moving average of $281.42.

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 for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. On average, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

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

Chubb Increases Dividend

The business 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. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.30%. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is currently 18.67%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. The trade was a 11.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 148,553 shares of company stock worth $43,257,220 over the last quarter. Corporate insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

CB has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. UBS Group lifted their price objective on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley lifted their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $307.53.

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.