J.W. Cole Advisors Inc. Sells 5,968 Shares of Chubb Limited (NYSE:CB)

J.W. Cole Advisors Inc. trimmed its position in Chubb Limited (NYSE:CB - Free Report) by 61.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,813 shares of the financial services provider's stock after selling 5,968 shares during the period. J.W. Cole Advisors Inc.'s holdings in Chubb were worth $1,151,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Sunflower Bank N.A. grew its position in shares of Chubb by 4.4% during the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock valued at $273,000 after acquiring an additional 38 shares during the period. Avantax Planning Partners Inc. grew its position in shares of Chubb by 5.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 38 shares during the period. Tandem Wealth Advisors LLC grew its position in shares of Chubb by 3.0% during the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock valued at $382,000 after acquiring an additional 40 shares during the period. Unison Advisors LLC grew its position in shares of Chubb by 0.3% during the 4th quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock valued at $3,742,000 after acquiring an additional 41 shares during the period. Finally, Fortitude Advisory Group L.L.C. grew its position in shares of Chubb by 5.6% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 798 shares of the financial services provider's stock valued at $227,000 after acquiring an additional 42 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Shares of NYSE:CB traded down $0.90 during trading on Friday, reaching $269.28. The company had a trading volume of 2,979,052 shares, compared to its average volume of 2,031,676. The company has a fifty day moving average of $284.54 and a two-hundred day moving average of $282.35. The stock has a market capitalization of $107.91 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.38 EPS. Equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its board has approved a stock 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 shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were issued a $0.97 dividend. This is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.44%. Chubb's dividend payout ratio is presently 17.12%.

Insiders Place Their Bets

In other news, COO John W. Keogh sold 85,083 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the transaction, the chief operating officer owned 237,728 shares of the company's stock, valued at $68,998,174.72. This represents a 26.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,390 shares of company stock worth $29,163,135 in the last three months. Insiders own 0.77% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CB. Wells Fargo & Company reduced their target price on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research report on Thursday. UBS Group upped their price target on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Deutsche Bank Aktiengesellschaft cut shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research note on Tuesday, May 20th. Jefferies Financial Group upped their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $302.64.

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.