Financiere des Professionnels Fonds d investissement inc. Sells 1,219 Shares of Chubb Limited (NYSE:CB)

Financiere des Professionnels Fonds d investissement inc. decreased its position in Chubb Limited (NYSE:CB - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,369 shares of the financial services provider's stock after selling 1,219 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Chubb were worth $8,869,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Wealth Management LLC raised its stake in shares of Chubb by 3.4% in the 1st quarter. Compass Wealth Management LLC now owns 16,177 shares of the financial services provider's stock valued at $4,885,000 after purchasing an additional 531 shares during the period. HM Payson & Co. raised its stake in shares of Chubb by 8.6% in the 1st quarter. HM Payson & Co. now owns 9,171 shares of the financial services provider's stock valued at $2,770,000 after purchasing an additional 727 shares during the period. World Investment Advisors raised its stake in shares of Chubb by 5.8% in the 1st quarter. World Investment Advisors now owns 36,448 shares of the financial services provider's stock valued at $11,007,000 after purchasing an additional 2,011 shares during the period. Strategic Blueprint LLC acquired a new stake in shares of Chubb in the first quarter valued at about $214,000. Finally, Huntleigh Advisors Inc. increased its position in shares of Chubb by 1.4% in the first quarter. Huntleigh Advisors Inc. now owns 4,435 shares of the financial services provider's stock valued at $1,339,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Price Performance

Shares of NYSE:CB traded down $3.96 during trading on Monday, hitting $279.84. 1,427,424 shares of the company were exchanged, compared to its average volume of 1,638,242. The business's 50 day moving average is $287.96 and its 200-day moving average is $282.16. The company has a market capitalization of $112.14 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 3.16 and a beta of 0.53. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly 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. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. Equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.39%. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. Chubb's dividend payout ratio is presently 18.67%.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CB. Keefe, Bruyette & Woods lowered their target price on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group lifted their target price on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Barclays downgraded Chubb from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $321.00 to $298.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft downgraded Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company boosted their price target on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $306.00.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 5,513 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the sale, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John W. Keogh sold 9,794 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $292.99, for a total value of $2,869,544.06. Following the completion of the sale, the chief operating officer owned 247,538 shares of the company's stock, valued at $72,526,158.62. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,390 shares of company stock valued at $29,163,135 over the last 90 days. 0.86% of the stock is currently owned by company insiders.

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.