First Hawaiian Bank Decreases Stock Holdings in Chubb Limited (NYSE:CB)

First Hawaiian Bank trimmed its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 14.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,191 shares of the financial services provider's stock after selling 1,016 shares during the quarter. First Hawaiian Bank's holdings in Chubb were worth $1,870,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Sierra Ocean LLC purchased a new stake in shares of Chubb during the fourth quarter valued at about $29,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb during the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $30,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 89 shares during the last quarter. Finally, Human Investing LLC purchased a new stake in Chubb during the fourth quarter valued at approximately $36,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of Chubb stock traded up $3.19 on Friday, reaching $297.34. 2,483,635 shares of the stock were exchanged, compared to its average volume of 1,611,621. The business has a 50 day moving average price of $288.05 and a two-hundred day moving average price of $281.41. The firm has a market capitalization of $119.15 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 3.36 and a beta of 0.57. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

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

Chubb Increases Dividend

The business 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 dividend of $0.97 per share. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, June 13th. Chubb's dividend payout ratio (DPR) is currently 18.67%.

Insiders Place Their Bets

In related news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This represents a 4.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,553 shares of company stock valued at $43,257,220. Company insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CB shares. Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. UBS Group upped their target price on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Morgan Stanley raised their price target on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.