Great Valley Advisor Group Inc. Has $9.20 Million Stock Holdings in Chubb Limited (NYSE:CB)

Great Valley Advisor Group Inc. grew its position in Chubb Limited (NYSE:CB - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,285 shares of the financial services provider's stock after acquiring an additional 1,685 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Chubb were worth $9,197,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC raised its stake in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Mutual Advisors LLC raised its stake in shares of Chubb by 25.5% during the fourth quarter. Mutual Advisors LLC now owns 2,071 shares of the financial services provider's stock worth $567,000 after purchasing an additional 421 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Chubb by 2.3% during the fourth quarter. Avior Wealth Management LLC now owns 4,412 shares of the financial services provider's stock worth $1,219,000 after purchasing an additional 98 shares during the last quarter. Brighton Jones LLC raised its stake in shares of 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 purchasing an additional 221 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in shares of Chubb by 4.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,188 shares of the financial services provider's stock worth $1,157,000 after purchasing an additional 184 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of CB stock traded up $4.94 during mid-day trading on Thursday, reaching $293.94. The stock had a trading volume of 1,749,013 shares, compared to its average volume of 1,612,190. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The company has a market cap of $117.79 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The business has a 50-day simple moving average of $287.88 and a 200 day simple moving average of $281.23. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

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. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb announced that its Board of Directors has initiated 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 purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is presently 18.67%.

Insider Activity at Chubb

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

Analyst Upgrades and Downgrades

CB has been the subject of several analyst reports. Wells Fargo & Company upped their price target on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. JMP Securities reiterated a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods cut their price objective on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Chubb has a consensus rating of "Moderate Buy" and a consensus price target 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.