Fiduciary Alliance LLC Buys Shares of 844 Chubb Limited (NYSE:CB)

Fiduciary Alliance LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 844 shares of the financial services provider's stock, valued at approximately $255,000.

A number of other large investors have also recently added to or reduced their stakes in CB. Brighton Jones LLC increased its position in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after acquiring an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Chubb in the 4th quarter valued at approximately $205,000. Chicago Partners Investment Group LLC lifted its stake in Chubb by 3.0% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,078 shares of the financial services provider's stock worth $554,000 after purchasing an additional 60 shares in the last quarter. CENTRAL TRUST Co lifted its stake in Chubb by 3.3% during the fourth quarter. CENTRAL TRUST Co now owns 3,690 shares of the financial services provider's stock worth $1,020,000 after purchasing an additional 119 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. lifted its stake in Chubb by 1.8% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 3,139 shares of the financial services provider's stock worth $867,000 after purchasing an additional 55 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John W. Keogh sold 85,083 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 237,728 shares of the company's stock, valued at approximately $68,998,174.72. The trade was a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,553 shares of company stock valued at $40,387,620 over the last quarter. 0.77% of the stock is currently owned by insiders.

Chubb Stock Down 0.2%

NYSE:CB traded down $0.71 during trading hours on Thursday, hitting $291.07. The company's stock had a trading volume of 1,306,317 shares, compared to its average volume of 1,614,840. The stock has a market capitalization of $116.64 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The stock has a fifty day moving average of $288.02 and a 200-day moving average of $281.63. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Chubb Increases Dividend

The business 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. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is currently 18.67%.

Analysts Set New Price Targets

A number of research analysts have commented on CB shares. HSBC upgraded 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. 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 research note on Thursday, April 24th. Barclays decreased their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Morgan Stanley upped their price target on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Jefferies Financial Group upped their price target on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Two 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

Chubb Company 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.