Mutual of America Capital Management LLC Sells 1,572 Shares of Chubb Limited (NYSE:CB)

Mutual of America Capital Management LLC decreased its stake in Chubb Limited (NYSE:CB - Free Report) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,339 shares of the financial services provider's stock after selling 1,572 shares during the quarter. Mutual of America Capital Management LLC's holdings in Chubb were worth $13,088,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Peoples Bank KS bought a new position in Chubb during the first quarter worth $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Chubb during the first quarter valued at approximately $25,000. North Capital Inc. bought a new position in Chubb in the first quarter valued at about $26,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in 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 during the period. Finally, Cherry Tree Wealth Management LLC increased its stake in shares of Chubb by 56.6% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 43 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on CB shares. Raymond James Financial restated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $321.00 to $298.00 in a research note on Monday, July 7th. Jefferies Financial Group lifted their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company cut their target price on Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. Finally, Evercore ISI set a $312.00 price objective on Chubb in a report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $301.50.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO John W. Keogh sold 85,083 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the sale, the chief operating officer owned 237,728 shares in the company, valued at $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,390 shares of company stock worth $29,163,135 over the last quarter. 0.77% of the stock is currently owned by company insiders.

Chubb Stock Down 0.2%

CB traded down $0.49 during midday trading on Thursday, hitting $269.14. The company had a trading volume of 1,588,109 shares, compared to its average volume of 2,195,535. The company has a market capitalization of $107.31 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 3.05 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 stock's 50 day moving average price is $280.53 and its 200 day moving average price is $282.31. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

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

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were given a dividend of $0.97 per share. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, June 13th. Chubb's dividend payout ratio (DPR) is 17.12%.

Chubb declared that its Board of Directors has approved a share 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 purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

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.