Greenleaf Trust Trims Holdings in Chubb Limited (NYSE:CB)

Greenleaf Trust lowered its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 16,635 shares of the financial services provider's stock after selling 1,871 shares during the quarter. Greenleaf Trust's holdings in Chubb were worth $5,024,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Peoples Bank KS bought a new position in Chubb in the 1st quarter valued at $25,000. Opal Wealth Advisors LLC bought a new position in Chubb in the 1st quarter valued at $25,000. North Capital Inc. bought a new position in Chubb in the 1st quarter valued at $26,000. Crowley Wealth Management Inc. bought a new position in Chubb in the 4th quarter valued at $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Chubb by 254.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Stock Down 1.0%

Shares of NYSE CB traded down $2.88 during mid-day trading on Friday, reaching $277.66. 1,249,414 shares of the company were exchanged, compared to its average volume of 1,644,801. 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 cap of $111.27 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 3.12 and a beta of 0.53. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm has a 50-day moving average of $287.42 and a 200 day moving average of $282.21.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb announced that its board has approved a share repurchase plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.40%. Chubb's dividend payout ratio (DPR) is 18.67%.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the stock in a transaction dated 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 sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO John W. Keogh sold 9,794 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $292.99, for a total value of $2,869,544.06. Following the completion of the sale, the chief operating officer owned 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,390 shares of company stock valued at $29,163,135. 0.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CB. JPMorgan Chase & Co. increased their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Morgan Stanley increased their price target on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods increased their price target on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research report on Tuesday, May 20th. Finally, UBS Group increased their price target on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven 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 a consensus rating of "Moderate Buy" and a consensus price target of $307.13.

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.