Impact Capital Partners LLC Decreases Stake in Chubb Limited (NYSE:CB)

Impact Capital Partners LLC lowered its position in shares of Chubb Limited (NYSE:CB - Free Report) by 36.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm 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 filing with the SEC.

Other institutional investors have also modified their holdings of the company. Peoples Bank KS purchased a new stake in shares of Chubb during the 1st quarter worth about $25,000. Sierra Ocean LLC purchased a new position in Chubb in the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. purchased a new position in Chubb in the 4th quarter worth approximately $29,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings 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 worth $34,000 after acquiring an additional 89 shares during the period. Finally, Human Investing LLC purchased a new position in Chubb in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. This trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 138,553 shares of company stock valued at $40,387,620. Corporate insiders own 0.77% of the company's stock.

Chubb Stock Performance

CB stock opened at $293.95 on Friday. 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 firm has a market cap of $117.79 billion, a P/E ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.54. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The stock's 50 day simple moving average is $287.64 and its 200 day simple moving average is $281.72.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results 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. 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%. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

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

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 given a dividend of $0.97 per share. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, June 13th. Chubb's dividend payout ratio is currently 18.67%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. 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 report on Thursday, April 24th. Raymond James restated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, 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 note on Tuesday, May 20th. Two 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 given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.

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