LPL Financial LLC Buys 59,525 Shares of Chubb Limited (NYSE:CB)

LPL Financial LLC boosted its stake in Chubb Limited (NYSE:CB - Free Report) by 15.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 434,630 shares of the financial services provider's stock after purchasing an additional 59,525 shares during the period. LPL Financial LLC owned approximately 0.11% of Chubb worth $131,254,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Peoples Bank KS bought a new stake in shares of Chubb during the 1st quarter valued at $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Chubb during the 1st quarter valued at $25,000. North Capital Inc. bought a new stake in shares of Chubb during the 1st quarter valued at $26,000. IMA Advisory Services Inc. bought a new stake in shares of Chubb during the 1st quarter valued at $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 89 shares during the period. Institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CB shares. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. UBS Group dropped their target price on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a report on Monday. Jefferies Financial Group upped their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Barclays downgraded shares of Chubb from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $321.00 to $298.00 in a report on Monday, July 7th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $303.14.

Insider Activity

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

Chubb Stock Down 1.2%

Shares of CB stock opened at $265.87 on Tuesday. The stock has a market cap of $106.54 billion, a P/E ratio of 11.73, a PEG ratio of 3.07 and a beta of 0.53. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of 0.21. The company's fifty day simple moving average is $283.97 and its two-hundred day simple moving average is $282.52.

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

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.46%. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. Chubb's dividend payout ratio is currently 17.12%.

Chubb announced that its Board of Directors has initiated a stock repurchase 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 repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

About Chubb

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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