Chubb Limited (NYSE:CB) Stake Raised by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 4.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,311 shares of the financial services provider's stock after purchasing an additional 3,860 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Chubb were worth $29,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. Vanguard Group Inc. raised its holdings in shares of Chubb by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after buying an additional 271,648 shares in the last quarter. FMR LLC grew its position in Chubb by 0.6% in the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after acquiring an additional 91,892 shares during the last quarter. Capital World Investors raised its stake in Chubb by 1.9% during the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock worth $3,172,194,000 after acquiring an additional 212,889 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Chubb by 1.5% in the fourth quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after acquiring an additional 131,075 shares during the last quarter. Finally, Demars Financial Group LLC boosted its stake in shares of Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after purchasing an additional 5,340,499 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was 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 of the company's stock, valued at approximately $5,820,978.04. This trade represents a 3.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This trade represents a 4.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,553 shares of company stock valued at $43,257,220. Company insiders own 0.86% of the company's stock.

Chubb Stock Performance

Shares of NYSE CB traded up $3.19 during trading on Friday, hitting $297.34. The company had a trading volume of 2,483,635 shares, compared to its average volume of 1,617,858. The firm has a market capitalization of $119.15 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91. The stock has a 50 day simple moving average of $288.05 and a 200 day simple moving average of $281.42. 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 (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. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. As a group, analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its Board of Directors has authorized a share 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 reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Chubb Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, June 13th. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.30%. Chubb's payout ratio is 18.67%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CB. Deutsche Bank Aktiengesellschaft cut shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective for the company. in a research report on Tuesday, May 20th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods cut their price objective on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Finally, Barclays cut their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.