Davidson Capital Management Inc. Sells 937 Shares of Chubb Limited (NYSE:CB)

Davidson Capital Management Inc. decreased its stake in Chubb Limited (NYSE:CB - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,303 shares of the financial services provider's stock after selling 937 shares during the period. Chubb accounts for about 0.9% of Davidson Capital Management Inc.'s holdings, making the stock its 11th biggest position. Davidson Capital Management Inc.'s holdings in Chubb were worth $3,413,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CB. Peoples Bank KS bought a new stake in shares of Chubb in the first quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Chubb in the first quarter valued at approximately $25,000. Sierra Ocean LLC purchased a new position in Chubb during the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. purchased a new position in Chubb during the fourth quarter valued at approximately $29,000. Finally, Strategic Financial Concepts LLC purchased a new position in Chubb during the fourth quarter valued at approximately $30,000. Institutional investors own 83.81% of the company's stock.

Chubb Trading Up 0.5%

Shares of Chubb stock traded up $1.46 during trading on Friday, reaching $283.61. The company's stock had a trading volume of 2,389,071 shares, compared to its average volume of 1,617,447. Chubb Limited has a 52-week low of $251.42 and a 52-week high of $306.91. The company has a market cap of $113.65 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 3.14 and a beta of 0.54. The firm's 50-day moving average is $287.88 and its two-hundred day moving average is $281.60. 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 quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $11.22 billion. On average, sell-side 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 buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a dividend of $0.97 per share. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, June 13th. Chubb's dividend payout ratio is currently 18.67%.

Insider Activity at Chubb

In other news, COO John W. Keogh purchased 9,810 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average cost of $292.99 per share, for a total transaction of $2,874,231.90. Following the acquisition, the chief operating officer now directly owns 247,538 shares of the company's stock, valued at $72,526,158.62. This represents a 4.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. Morgan Stanley boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. 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 research note on Tuesday, April 1st. 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 research note on Thursday, April 24th. Finally, 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. Two investment 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.