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

Forum Financial Management LP lifted its holdings in Chubb Limited (NYSE:CB - Free Report) by 48.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Chubb in the fourth quarter valued at about $29,000. Crowley Wealth Management Inc. acquired a new position in Chubb in the fourth quarter valued at approximately $29,000. Strategic Financial Concepts LLC acquired a new position in Chubb in the fourth quarter valued at approximately $30,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after purchasing an additional 89 shares during the period. Finally, Human Investing LLC acquired a new stake in shares of Chubb during the fourth quarter worth $36,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CB. UBS Group lifted their price objective on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Royal Bank of Canada restated an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Two equities research 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John W. Keogh sold 85,083 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was 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 in the company, valued at $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,553 shares of company stock worth $43,257,220. Insiders own 0.86% of the company's stock.

Chubb Trading Up 1.5%

NYSE CB traded up $4.42 on Thursday, hitting $293.42. The company's stock had a trading volume of 733,583 shares, compared to its average volume of 1,608,355. 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 1-year low of $251.42 and a 1-year high of $306.91. The company's 50-day moving average is $287.88 and its 200 day moving average is $281.23. The firm has a market cap of $117.58 billion, a PE ratio of 12.93, a PEG ratio of 3.36 and a beta of 0.57.

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

Chubb Increases Dividend

The company 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 positive change 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 1.32%. Chubb's dividend payout ratio (DPR) is 18.67%.

Chubb declared that its Board of Directors has approved a share repurchase program on Thursday, May 15th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Chubb 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.