Chubb Limited (NYSE:CB) Shares Sold by Impact Capital Partners LLC

Impact Capital Partners LLC lowered its position in Chubb Limited (NYSE:CB - Free Report) by 36.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,754 shares of the financial services provider's stock after selling 3,306 shares during the quarter. Impact Capital Partners LLC's holdings in Chubb were worth $1,738,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Chubb by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after purchasing an additional 271,648 shares during the last quarter. FMR LLC grew its position in shares of Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after buying an additional 91,892 shares during the last quarter. Capital World Investors raised its stake in Chubb by 1.9% during the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock worth $3,172,194,000 after acquiring an additional 212,889 shares in the last quarter. Capital Research Global Investors raised its stake in Chubb by 1.5% during the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after acquiring an additional 131,075 shares in the last quarter. Finally, Demars Financial Group LLC lifted its position in Chubb by 26,761.4% in the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after acquiring an additional 5,340,499 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Performance

Shares of Chubb stock traded down $3.55 during trading hours on Tuesday, hitting $286.25. 1,503,417 shares of the company were exchanged, compared to its average volume of 1,617,512. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $287.07 and a 200-day moving average of $281.75. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The stock has a market capitalization of $114.71 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 3.36 and a beta of 0.54.

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. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. As a group, analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

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

Chubb announced that its Board of Directors has approved a stock buyback program on Thursday, May 15th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CB shares. JPMorgan Chase & Co. raised their price objective on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft cut 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. Wells Fargo & Company raised 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. Barclays reduced their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Piper Sandler increased their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh acquired 9,810 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average price of $292.99 per share, with a total value of $2,874,231.90. Following the completion of the acquisition, the chief operating officer now directly owns 247,538 shares of the company's stock, valued at approximately $72,526,158.62. The trade was a 4.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the firm's 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 approximately $5,820,978.04. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 122,619 shares of company stock valued at $35,758,738 over the last ninety days. Corporate insiders own 0.77% of the company's stock.

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.