Czech National Bank Raises Stock Position in Chubb Limited (NYSE:CB)

Czech National Bank increased its stake in Chubb Limited (NYSE:CB - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,593 shares of the financial services provider's stock after acquiring an additional 4,311 shares during the period. Czech National Bank's holdings in Chubb were worth $25,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CB. 180 Wealth Advisors LLC boosted its holdings in shares of Chubb by 7.9% in the first quarter. 180 Wealth Advisors LLC now owns 2,114 shares of the financial services provider's stock worth $639,000 after buying an additional 154 shares during the period. Mirador Capital Partners LP lifted its stake in Chubb by 302.2% in the first quarter. Mirador Capital Partners LP now owns 17,743 shares of the financial services provider's stock valued at $5,358,000 after acquiring an additional 13,332 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Chubb by 8.5% in the first quarter. Legacy Wealth Asset Management LLC now owns 5,342 shares of the financial services provider's stock valued at $1,613,000 after acquiring an additional 418 shares during the last quarter. Rhumbline Advisers raised its position in shares of Chubb by 1.7% in the first quarter. Rhumbline Advisers now owns 695,690 shares of the financial services provider's stock valued at $210,091,000 after purchasing an additional 11,757 shares during the period. Finally, Bowman & Co S.C. boosted its holdings in Chubb by 3.9% during the first quarter. Bowman & Co S.C. now owns 8,697 shares of the financial services provider's stock valued at $2,627,000 after acquiring an additional 323 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research reports. Barclays dropped their target price on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Piper Sandler boosted their price target on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Morgan Stanley boosted their price target on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods lowered their price target 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. Two equities research analysts have 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $307.53.

Chubb Trading Down 1.1%

NYSE CB traded down $3.25 on Tuesday, hitting $296.68. The company's stock had a trading volume of 2,265,243 shares, compared to its average volume of 1,616,227. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91. The company's 50-day moving average is $288.14 and its 200 day moving average is $281.45. The firm has a market cap of $118.89 billion, a PE ratio of 13.06, a PEG ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. As a group, analysts predict 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 will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a dividend of $0.97 per share. 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 yield of 1.31%. Chubb's dividend payout ratio is currently 18.67%.

Chubb declared that its board has authorized a stock repurchase program on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. The trade was a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the sale, the chief operating officer now directly owns 237,728 shares in the company, valued at $68,998,174.72. This trade represents a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,553 shares of company stock valued at $40,387,620 over the last ninety days. 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.