Mission Wealth Management LP Purchases 1,939 Shares of Chubb Limited (NYSE:CB)

Mission Wealth Management LP increased its position in Chubb Limited (NYSE:CB - Free Report) by 20.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,250 shares of the financial services provider's stock after buying an additional 1,939 shares during the quarter. Mission Wealth Management LP's holdings in Chubb were worth $3,397,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Peoples Bank KS acquired a new stake in shares of Chubb during the first quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb during the first quarter worth $25,000. Sierra Ocean LLC acquired a new stake in shares of Chubb during the fourth quarter worth $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb during the fourth quarter worth $29,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Chubb during the fourth quarter worth $30,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Transactions at Chubb

In related news, COO John W. Keogh acquired 9,810 shares of the business's stock in a transaction dated Friday, June 6th. The shares were bought at an average price of $292.99 per share, with a total value of $2,874,231.90. Following the transaction, the chief operating officer now directly owns 247,538 shares of the company's stock, valued at $72,526,158.62. This trade represents a 4.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares in the company, valued at approximately $23,120,374.04. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,108 shares of company stock worth $31,169,977. Corporate insiders own 0.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CB shares. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Jefferies Financial Group boosted their target price on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Morgan Stanley boosted their target price on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods dropped their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. 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 given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $307.53.

Chubb Stock Down 0.6%

Shares of NYSE:CB traded down $1.79 during midday trading on Wednesday, reaching $282.01. The company had a trading volume of 1,217,214 shares, compared to its average volume of 1,613,438. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The business's 50 day moving average price is $287.94 and its 200 day moving average price is $281.66. The stock has a market cap of $113.01 billion, a PE ratio of 13.57, a P/E/G ratio of 3.16 and a beta of 0.54. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted 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 company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. Research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

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

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.38%. Chubb's dividend payout ratio is presently 18.67%.

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.