Chubb Limited (NYSE:CB) Position Lowered by Mattson Financial Services LLC

Mattson Financial Services LLC decreased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 27.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,411 shares of the financial services provider's stock after selling 1,288 shares during the quarter. Mattson Financial Services LLC's holdings in Chubb were worth $984,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Chubb during the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. purchased a new stake in shares of Chubb during the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb during the 4th quarter worth approximately $30,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake 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 worth $34,000 after acquiring an additional 89 shares in the last quarter. Finally, Human Investing LLC purchased a new stake in shares of Chubb during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Trading Up 1.1%

Shares of CB traded up $3.19 during trading hours on Friday, hitting $297.34. The stock had a trading volume of 2,483,635 shares, compared to its average volume of 1,617,858. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a market cap of $119.15 billion, a P/E ratio of 13.09, a P/E/G ratio of 3.36 and a beta of 0.57. The company's fifty day simple moving average is $287.93 and its 200 day simple moving average is $281.32. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data 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 company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given 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 annualized dividend and a yield of 1.30%. Chubb's payout ratio is 18.67%.

Chubb declared that its board has authorized a share repurchase plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their target price on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley upped their target price on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Barclays reduced their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $307.53.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the transaction, the chief operating officer now directly owns 237,728 shares of the company's stock, valued at approximately $68,998,174.72. The trade was a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,553 shares of company stock worth $43,257,220 in the last 90 days. 0.86% of the stock is owned by company insiders.

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.