Long Run Wealth Advisors LLC Invests $3.71 Million in Chubb Limited (NYSE:CB)

Long Run Wealth Advisors LLC bought a new position in Chubb Limited (NYSE:CB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,291 shares of the financial services provider's stock, valued at approximately $3,712,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Peoples Bank KS purchased a new stake in shares of Chubb in the first quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new position in Chubb in the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. purchased a new stake in Chubb during the fourth quarter worth about $29,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 89 shares during the period. Finally, Human Investing LLC purchased a new position in shares of Chubb in the fourth quarter valued at approximately $36,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the sale, the chief operating officer now owns 237,728 shares in the company, valued at approximately $68,998,174.72. This represents a 26.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at $170,321,922.75. The trade was a 4.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,553 shares of company stock worth $40,387,620 over the last ninety days. 0.77% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of CB traded down $0.71 during midday trading on Thursday, hitting $291.07. 1,306,317 shares of the stock traded hands, compared to its average volume of 1,614,840. 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 1-year low of $251.42 and a 1-year high of $306.91. The business's 50 day moving average price is $288.02 and its two-hundred day moving average price is $281.63. The firm has a market capitalization of $116.64 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. The firm 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%. Equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb declared that its Board of Directors has initiated a stock buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.33%. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. Chubb's dividend payout ratio is currently 18.67%.

Analyst Upgrades and Downgrades

CB has been the subject of several analyst reports. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft cut shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a report on Tuesday, May 20th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. Raymond James restated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Finally, Barclays cut their price target on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $307.53.

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.