Cwm LLC Acquires 4,053 Shares of Chubb Limited (NYSE:CB)

CWM LLC increased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 22.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,432 shares of the financial services provider's stock after purchasing an additional 4,053 shares during the quarter. CWM LLC's holdings in Chubb were worth $6,774,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Chubb by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after acquiring an additional 271,648 shares in the last quarter. FMR LLC grew its stake in shares of 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 in the last quarter. Capital World Investors grew its stake in shares of 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 in the last quarter. Capital Research Global Investors grew its stake in shares of 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 in the last quarter. Finally, Demars Financial Group LLC grew its stake in shares of 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 in the last quarter. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on CB. Jefferies Financial Group raised their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company raised their price target on Chubb from $278.00 to $285.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods raised their price target on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Morgan Stanley lifted their target price on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $307.13.

Chubb Stock Up 0.1%

NYSE CB traded up $0.39 on Friday, reaching $275.85. The company had a trading volume of 711,582 shares, compared to its average volume of 1,645,605. The stock has a market capitalization of $110.54 billion, a P/E ratio of 13.27, a P/E/G ratio of 3.09 and a beta of 0.53. The company's fifty day moving average is $286.47 and its 200 day moving average is $282.21. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $11.22 billion. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.41%. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is currently 18.67%.

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

Insider Activity

In other Chubb news, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction dated 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 owned 91,180 shares in the company, valued at $26,447,670.80. This trade represents a 5.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John W. Keogh sold 85,083 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was 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 approximately $68,998,174.72. This represents a 26.36% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,390 shares of company stock valued at $29,163,135. 0.77% of the stock is owned by corporate insiders.

Chubb Company 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.