Foster Group Inc. Makes New $264,000 Investment in Chubb Limited (NYSE:CB)

Foster Group Inc. purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 874 shares of the financial services provider's stock, valued at approximately $264,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Chubb by 12.8% during the fourth 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 in the last quarter. Revolve Wealth Partners LLC purchased a new position in Chubb in the fourth quarter valued at $205,000. Stratos Wealth Partners LTD. raised its position in shares of Chubb by 3.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 8,101 shares of the financial services provider's stock worth $2,239,000 after acquiring an additional 289 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Chubb by 2.8% during the 4th quarter. Bleakley Financial Group LLC now owns 9,069 shares of the financial services provider's stock worth $2,506,000 after acquiring an additional 250 shares in the last quarter. Finally, Financial Advocates Investment Management grew its position in shares of Chubb by 2.0% during the 4th quarter. Financial Advocates Investment Management now owns 3,654 shares of the financial services provider's stock valued at $1,010,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Price Performance

CB traded down $3.55 during trading on Tuesday, reaching $286.25. The company's stock had a trading volume of 1,503,417 shares, compared to its average volume of 1,617,512. The company has a market cap of $114.71 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 3.36 and a beta of 0.54. The firm has a fifty day simple moving average of $287.07 and a two-hundred day simple moving average of $281.75. Chubb Limited has a 1 year low of $251.42 and a 1 year 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, topping analysts' consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb announced that its Board of Directors has initiated a stock buyback program 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 buy up to 4.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a $0.97 dividend. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is currently 18.67%.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 85,083 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at $5,820,978.04. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,619 shares of company stock worth $35,758,738. Insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of analyst reports. Barclays reduced their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Morgan Stanley increased their target price on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods cut their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Chubb has a consensus rating of "Moderate Buy" and an average price target of $307.53.

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.