Forum Financial Management LP Acquires 2,227 Shares of Chubb Limited (NYSE:CB)

Forum Financial Management LP raised its position in Chubb Limited (NYSE:CB - Free Report) by 48.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,788 shares of the financial services provider's stock after purchasing an additional 2,227 shares during the period. Forum Financial Management LP's holdings in Chubb were worth $1,876,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new stake in Chubb in the fourth quarter valued at approximately $1,220,000. Parr Mcknight Wealth Management Group LLC bought a new stake in Chubb in the fourth quarter valued at approximately $4,322,000. Sunbelt Securities Inc. increased its stake in Chubb by 752.7% in the fourth quarter. Sunbelt Securities Inc. now owns 955 shares of the financial services provider's stock valued at $263,000 after purchasing an additional 843 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Chubb by 81.7% during the fourth quarter. Vise Technologies Inc. now owns 4,916 shares of the financial services provider's stock worth $1,358,000 after acquiring an additional 2,210 shares in the last quarter. Finally, Connecticut Wealth Management LLC increased its position in shares of Chubb by 2.9% during the fourth quarter. Connecticut Wealth Management LLC now owns 3,645 shares of the financial services provider's stock worth $1,007,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. increased 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. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft cut shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price for the company. in a report on Tuesday, May 20th. Finally, Wells Fargo & Company increased their target price on shares of Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Chubb presently has a consensus rating of "Moderate Buy" and an average price target of $307.53.

Chubb Stock Performance

Shares of Chubb stock traded up $3.61 on Tuesday, hitting $289.71. The stock had a trading volume of 1,661,081 shares, compared to its average volume of 1,610,854. The stock has a market cap of $116.09 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. 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 Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The business's 50 day moving average is $288.01 and its two-hundred day moving average is $281.12.

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

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a $0.97 dividend. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.34%. Chubb's payout ratio is 18.67%.

Chubb announced that its Board of Directors has initiated a stock repurchase plan 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 shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 85,083 shares of the business's 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 sale, the chief operating officer now owns 237,728 shares of the company's stock, valued at $68,998,174.72. The trade was a 26.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares in the company, valued at approximately $23,120,374.04. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,553 shares of company stock valued at $43,257,220 in the last quarter. Company insiders own 0.86% of the company's stock.

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.