Inspire Trust Co. N.A. Invests $3.59 Million in Chubb Limited (NYSE:CB)

Inspire Trust Co. N.A. purchased a new position in Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,000 shares of the financial services provider's stock, valued at approximately $3,592,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC increased its holdings in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares during the period. California Public Employees Retirement System boosted its position in shares of Chubb by 1.1% during the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock worth $373,110,000 after acquiring an additional 14,610 shares in the last quarter. Canopy Partners LLC boosted its position in shares of Chubb by 94.4% during the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock worth $1,331,000 after acquiring an additional 2,340 shares in the last quarter. Vista Investment Partners II LLC bought a new position in Chubb in the fourth quarter valued at approximately $2,442,000. Finally, Raymond James Financial Inc. acquired a new position in Chubb during the fourth quarter valued at approximately $1,158,897,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Analysts Set New Price Targets

CB has been the subject of several recent analyst reports. Raymond James restated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped 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. Barclays reduced their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft downgraded 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.53.

Insider Activity

In other news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 in the last three months. Company insiders own 0.77% of the company's stock.

Chubb Stock Down 0.6%

Chubb stock opened at $290.34 on Thursday. The firm has a 50 day moving average price of $288.61 and a two-hundred day moving average price of $280.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a 52-week low of $251.42 and a 52-week high of $306.91. The firm has a market cap of $116.35 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is 17.52%.

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

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.

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