Chubb Limited (NYSE:CB) Shares Sold by DDD Partners LLC

DDD Partners LLC lessened its position in shares of Chubb Limited (NYSE:CB - Free Report) by 3.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,418 shares of the financial services provider's stock after selling 2,903 shares during the period. Chubb comprises 3.0% of DDD Partners LLC's investment portfolio, making the stock its 5th biggest holding. DDD Partners LLC's holdings in Chubb were worth $24,587,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. California Public Employees Retirement System lifted its position in shares of Chubb by 1.1% during the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock worth $373,110,000 after buying an additional 14,610 shares during the last quarter. Canopy Partners LLC lifted its position in shares of Chubb by 94.4% during the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock worth $1,331,000 after buying an additional 2,340 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Chubb by 15.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider's stock worth $760,853,000 after buying an additional 366,559 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Chubb by 3.3% during the 1st 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. Finally, Golden State Wealth Management LLC lifted its position in shares of Chubb by 9.1% during the 1st quarter. Golden State Wealth Management LLC now owns 549 shares of the financial services provider's stock worth $166,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

CB has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Barclays downgraded shares of Chubb from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $321.00 to $298.00 in a research report on Monday, July 7th. Wells Fargo & Company upped their price target on shares of Chubb from $278.00 to $285.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target for the company. in a research report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $307.13.

Insiders Place Their Bets

In other news, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the transaction, the chief operating officer directly owned 237,728 shares of the company's stock, valued at $68,998,174.72. This represents a 26.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,390 shares of company stock worth $29,163,135. Corporate insiders own 0.77% of the company's stock.

Chubb Stock Performance

Chubb stock traded down $1.72 during trading hours on Friday, reaching $273.74. 2,977,889 shares of the stock were exchanged, compared to its average volume of 1,652,788. The stock has a market cap of $109.70 billion, a P/E ratio of 13.17, a P/E/G ratio of 3.06 and a beta of 0.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The firm's 50 day moving average is $286.14 and its 200 day moving average is $282.20.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping 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 business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. Analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.42%. Chubb's dividend payout ratio is 18.67%.

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

Chubb 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.