iSAM Funds UK Ltd Sells 1,827 Shares of Chubb Limited (NYSE:CB)

iSAM Funds UK Ltd cut its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 49.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,832 shares of the financial services provider's stock after selling 1,827 shares during the quarter. iSAM Funds UK Ltd's holdings in Chubb were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC bought a new stake in Chubb during the fourth quarter valued at approximately $248,000. Victrix Investment Advisors bought a new stake in Chubb during the fourth quarter valued at approximately $3,342,000. Vident Advisory LLC lifted its position in Chubb by 104.2% during the fourth quarter. Vident Advisory LLC now owns 29,696 shares of the financial services provider's stock valued at $8,206,000 after purchasing an additional 15,153 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in Chubb by 63.3% during the fourth quarter. Westwood Holdings Group Inc. now owns 10,799 shares of the financial services provider's stock valued at $2,984,000 after purchasing an additional 4,187 shares during the last quarter. Finally, Twinbeech Capital LP bought a new stake in Chubb during the fourth quarter valued at approximately $27,121,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares in the company, 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 have sold a total of 63,470 shares of company stock worth $18,562,730 over the last quarter. Corporate insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. JMP Securities reissued a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research note on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.86.

Chubb Stock Performance

NYSE:CB opened at $294.29 on Tuesday. The stock has a market cap of $117.93 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The firm's fifty day simple moving average is $288.63 and its 200 day simple moving average is $280.78. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share 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 analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

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

Chubb Increases Dividend

The business 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 $0.97 dividend. The ex-dividend date is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.32%. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's payout ratio is 17.52%.

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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