D.A. Davidson & CO. Acquires 5,344 Shares of Chubb Limited (NYSE:CB)

D.A. Davidson & CO. grew its stake in Chubb Limited (NYSE:CB - Free Report) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 245,612 shares of the financial services provider's stock after acquiring an additional 5,344 shares during the period. D.A. Davidson & CO. owned 0.06% of Chubb worth $74,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CB. Mutual Advisors LLC raised its stake in shares of Chubb by 6.7% during the first quarter. Mutual Advisors LLC now owns 2,210 shares of the financial services provider's stock worth $617,000 after buying an additional 139 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in shares of Chubb by 2.3% during the first quarter. ZWJ Investment Counsel Inc. now owns 184,898 shares of the financial services provider's stock worth $55,837,000 after buying an additional 4,114 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Chubb by 10.3% during the first quarter. Resonant Capital Advisors LLC now owns 1,849 shares of the financial services provider's stock worth $560,000 after buying an additional 173 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Chubb by 37.1% during the first quarter. Teacher Retirement System of Texas now owns 73,765 shares of the financial services provider's stock worth $22,276,000 after buying an additional 19,958 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Chubb by 3.3% during the first quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock worth $13,070,000 after buying an additional 1,375 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. UBS Group boosted their price target 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. Jefferies Financial Group boosted their price target 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. Wells Fargo & Company boosted their price objective on shares of Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Finally, Piper Sandler boosted their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $307.53.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh sold 9,794 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the completion of the sale, the chief operating officer owned 247,538 shares of the company's stock, valued at $72,526,158.62. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares of the company's stock, valued at $26,447,670.80. This represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,390 shares of company stock valued at $29,163,135 in the last three months. 0.77% of the stock is owned by insiders.

Chubb Stock Up 0.7%

Shares of Chubb stock traded up $1.91 on Thursday, hitting $281.99. The company had a trading volume of 1,523,457 shares, compared to its average volume of 1,637,475. The stock has a 50-day moving average of $287.90 and a 200-day moving average of $281.94. 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 Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The firm has a market capitalization of $113.00 billion, a P/E ratio of 13.57, a P/E/G ratio of 3.11 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 15.05% and a return on equity of 12.37%. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.97 per share. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.38%. Chubb's dividend payout ratio is currently 18.67%.

Chubb declared that its board has authorized a share repurchase plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

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.