Mirador Capital Partners LP Acquires 13,332 Shares of Chubb Limited (NYSE:CB)

Mirador Capital Partners LP increased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 302.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,743 shares of the financial services provider's stock after acquiring an additional 13,332 shares during the quarter. Chubb comprises about 0.9% of Mirador Capital Partners LP's investment portfolio, making the stock its 27th largest position. Mirador Capital Partners LP's holdings in Chubb were worth $5,358,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake 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 acquiring an additional 271,648 shares in the last quarter. FMR LLC increased its stake in Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after buying an additional 91,892 shares during the last quarter. Capital World Investors lifted its position in Chubb by 1.9% during the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock worth $3,172,194,000 after buying an additional 212,889 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Chubb by 1.5% during the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after buying an additional 131,075 shares during the last quarter. Finally, Demars Financial Group LLC grew its holdings 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 acquiring an additional 5,340,499 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. This represents a 33.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 directly owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,553 shares of company stock valued at $40,387,620 in the last 90 days. 0.77% of the stock is currently owned by corporate insiders.

Chubb Stock Down 1.1%

Shares of CB traded down $3.25 during trading hours on Tuesday, reaching $296.68. The stock had a trading volume of 2,265,243 shares, compared to its average volume of 1,614,202. The company has a market capitalization of $118.89 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 3.36 and a beta of 0.57. The firm has a 50-day simple moving average of $288.14 and a 200 day simple moving average of $281.45. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. 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 announced 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. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb announced that its Board of Directors has initiated a share repurchase 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 buy up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a $0.97 dividend. This is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.31%. Chubb's dividend payout ratio (DPR) is 18.67%.

Analyst Upgrades and Downgrades

CB has been the subject of several analyst reports. Jefferies Financial Group raised their target price on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Barclays reduced their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Wells Fargo & Company raised their price objective on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Finally, Piper Sandler boosted their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Chubb presently has an average rating of "Moderate Buy" and an average price target of $307.53.

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.