Galibier Capital Management Ltd. Has $1.18 Million Holdings in Chubb Limited (NYSE:CB)

Galibier Capital Management Ltd. cut its holdings in Chubb Limited (NYSE:CB - Free Report) by 26.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,897 shares of the financial services provider's stock after selling 1,400 shares during the period. Chubb comprises approximately 0.4% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 25th biggest holding. Galibier Capital Management Ltd.'s holdings in Chubb were worth $1,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Peoples Bank KS acquired a new position in Chubb during the first quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in Chubb during the first quarter worth $25,000. North Capital Inc. acquired a new position in Chubb during the first quarter worth $26,000. Crowley Wealth Management Inc. acquired a new position in Chubb during the fourth quarter worth $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings 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 worth $34,000 after buying an additional 89 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CB shares. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a report on Wednesday. Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Jefferies Financial Group boosted their target price on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, 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 research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of "Moderate Buy" and a consensus price target of $307.13.

Chubb Price Performance

Shares of CB stock traded down $2.88 on Friday, reaching $277.66. The company had a trading volume of 1,249,414 shares, compared to its average volume of 1,644,801. The business's 50-day moving average is $287.42 and its 200 day moving average is $282.21. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $111.27 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.40%. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is currently 18.67%.

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

Insider Activity at Chubb

In other news, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction that occurred 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 transaction, the insider owned 91,180 shares of the company's stock, valued at $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the sale, the chief operating officer directly owned 237,728 shares of the company's stock, valued at $68,998,174.72. This represents a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,390 shares of company stock valued at $29,163,135 in the last ninety days. 0.77% of the stock is currently owned by insiders.

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.