Kestra Private Wealth Services LLC Buys 1,810 Shares of Chubb Limited (NYSE:CB)

Kestra Private Wealth Services LLC boosted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,901 shares of the financial services provider's stock after purchasing an additional 1,810 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Chubb were worth $10,238,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System boosted its position in 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 valued at $373,110,000 after purchasing an additional 14,610 shares during the period. Canopy Partners LLC boosted its position in Chubb by 94.4% during the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock valued at $1,331,000 after purchasing an additional 2,340 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Chubb by 15.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider's stock valued at $760,853,000 after purchasing an additional 366,559 shares during the period. First Horizon Advisors Inc. boosted its position in Chubb by 3.3% during the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock valued at $13,070,000 after purchasing an additional 1,375 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in Chubb by 9.1% during the 1st quarter. Golden State Wealth Management LLC now owns 549 shares of the financial services provider's stock valued at $166,000 after purchasing an additional 46 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the sale, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $292.99, for a total value of $2,869,544.06. Following the completion of the sale, the chief operating officer owned 247,538 shares of the company's stock, valued at $72,526,158.62. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,390 shares of company stock valued at $29,163,135. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Down 0.6%

Shares of CB traded down $1.72 during trading hours on Friday, hitting $273.74. 2,977,889 shares of the company were exchanged, compared to its average volume of 1,648,343. The company has a market cap of $109.70 billion, a PE ratio of 13.18, a PEG ratio of 3.05 and a beta of 0.53. The firm's 50 day moving average is $286.14 and its 200-day moving average is $282.24. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

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 (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The company 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 12.37% and a net margin of 15.05%. On average, equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

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

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were paid a dividend of $0.97 per share. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.42%. Chubb's dividend payout ratio is presently 18.67%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CB. Jefferies Financial Group boosted their price target on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Piper Sandler boosted their price objective on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. boosted their price objective on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Barclays downgraded Chubb from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Finally, UBS Group boosted their price objective on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.13.

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.