Diversified Trust Co Acquires 1,458 Shares of Chubb Limited (NYSE:CB)

Diversified Trust Co boosted its position in Chubb Limited (NYSE:CB - Free Report) by 2.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,324 shares of the financial services provider's stock after buying an additional 1,458 shares during the quarter. Diversified Trust Co's holdings in Chubb were worth $17,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Chubb by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after acquiring an additional 271,648 shares during the last quarter. FMR LLC lifted its holdings in Chubb by 0.6% during the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after purchasing an additional 91,892 shares during the last quarter. Capital World Investors boosted its position in Chubb by 1.9% during the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock worth $3,172,194,000 after purchasing an additional 212,889 shares during the period. Capital Research Global Investors boosted its position in Chubb by 1.5% during the fourth quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after purchasing an additional 131,075 shares during the period. Finally, Demars Financial Group LLC increased its stake in shares of Chubb by 16.4% in the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock worth $1,884,004,000 after purchasing an additional 878,177 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

Chubb stock traded up $1.55 during midday trading on Friday, hitting $285.12. 3,782,107 shares of the company's stock were exchanged, compared to its average volume of 1,626,329. The company has a market cap of $114.26 billion, a P/E ratio of 13.72, a PEG ratio of 3.15 and a beta of 0.54. 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 50-day moving average price of $287.84 and a two-hundred day moving average price of $281.65. Chubb Limited has a 52-week low of $251.42 and a 52-week high of $306.91.

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

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend 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 1.36%. Chubb's payout ratio is presently 18.67%.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on CB shares. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research note on Wednesday, March 5th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Barclays cut their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Jefferies Financial Group boosted their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Piper Sandler increased their price objective on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $307.53.

Insiders Place Their Bets

In other news, COO John W. Keogh bought 9,810 shares of Chubb stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average price of $292.99 per share, with a total value 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 $72,526,158.62. The trade was a 4.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.77% of the company's stock.

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.