Fifth Third Wealth Advisors LLC Raises Stock Holdings in Chubb Limited (NYSE:CB)

Fifth Third Wealth Advisors LLC grew its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 29.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,230 shares of the financial services provider's stock after purchasing an additional 2,563 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Chubb were worth $3,391,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Chubb in the 4th quarter valued at $205,000. Capital Investment Advisory Services LLC increased its stake in shares of Chubb by 7.7% in the fourth quarter. Capital Investment Advisory Services LLC now owns 990 shares of the financial services provider's stock worth $274,000 after acquiring an additional 71 shares during the period. Crews Bank & Trust purchased a new position in shares of Chubb during the fourth quarter worth $86,000. Finally, Caprock Group LLC lifted its position in Chubb by 1.5% during the fourth quarter. Caprock Group LLC now owns 11,354 shares of the financial services provider's stock valued at $3,148,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. This represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO John W. Keogh sold 85,083 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the transaction, the chief operating officer now owns 237,728 shares in the company, 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 sold 138,553 shares of company stock valued at $40,387,620 in the last three months. 0.77% of the stock is owned by corporate insiders.

Chubb Trading Down 1.1%

Chubb stock traded down $3.25 during mid-day trading on Tuesday, hitting $296.68. The company's stock had a trading volume of 2,265,243 shares, compared to its average volume of 1,614,202. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $118.89 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The stock's fifty day moving average is $288.14 and its two-hundred day moving average is $281.45.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. On average, analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

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

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is currently 18.67%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CB. Barclays cut their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Morgan Stanley lifted their price target on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a report on Wednesday, March 5th. Finally, Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.