Demars Financial Group LLC Grows Stake in Chubb Limited (NYSE:CB)

Demars Financial Group LLC lifted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,238,632 shares of the financial services provider's stock after purchasing an additional 878,177 shares during the period. Chubb comprises 6.1% of Demars Financial Group LLC's investment portfolio, making the stock its 4th largest holding. Demars Financial Group LLC owned approximately 1.56% of Chubb worth $1,884,004,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. California Public Employees Retirement System lifted its holdings in 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 purchasing an additional 14,610 shares in the last quarter. Canopy Partners LLC boosted its position in shares of Chubb by 94.4% during the fourth quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock valued at $1,331,000 after purchasing an additional 2,340 shares in the last quarter. Vista Investment Partners II LLC purchased a new stake in shares of Chubb in the fourth quarter worth $2,442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Chubb by 15.4% during the fourth 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 valued at $760,853,000 after purchasing an additional 366,559 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Chubb in the fourth quarter valued at about $1,158,897,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Raymond James Financial restated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Wells Fargo & Company upped their price target on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. UBS Group raised their price target on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh purchased 9,810 shares of the business's stock in a transaction on Friday, June 6th. The shares were bought at an average cost of $292.99 per share, for a total transaction of $2,874,231.90. Following the completion of the purchase, the chief operating officer now directly owns 247,538 shares in the company, valued at approximately $72,526,158.62. This represents a 4.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the sale, the executive vice president now owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,108 shares of company stock valued at $31,169,977. 0.86% of the stock is owned by company insiders.

Chubb Stock Down 0.6%

Shares of NYSE CB traded down $1.77 during mid-day trading on Wednesday, hitting $282.04. 239,981 shares of the stock traded hands, compared to its average volume of 1,608,971. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a fifty day moving average price of $287.94 and a 200-day moving average price of $281.66. 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 $113.02 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 3.19 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last released its earnings results 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 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 analysts' expectations of $11.22 billion. Research analysts anticipate that Chubb Limited will post 21.52 EPS 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 issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's payout ratio is 18.67%.

Chubb declared that its board has initiated a stock repurchase plan on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is 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.