Natixis Advisors LLC Cuts Holdings in Chubb Limited (NYSE:CB)

Natixis Advisors LLC lessened its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 610,945 shares of the financial services provider's stock after selling 2,102 shares during the period. Natixis Advisors LLC owned 0.15% of Chubb worth $184,500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sunflower Bank N.A. raised its position in shares of Chubb by 4.4% during the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock valued at $273,000 after buying an additional 38 shares in the last quarter. Avantax Planning Partners Inc. raised its position in Chubb by 5.1% in the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock worth $236,000 after purchasing an additional 38 shares during the period. Tandem Wealth Advisors LLC raised its position in Chubb by 3.0% in the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock worth $382,000 after purchasing an additional 40 shares during the period. HighPoint Advisor Group LLC raised its position in Chubb by 0.5% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,857 shares of the financial services provider's stock worth $2,524,000 after purchasing an additional 40 shares during the period. Finally, Unison Advisors LLC raised its position in Chubb by 0.3% in the 4th quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock worth $3,742,000 after purchasing an additional 41 shares during the period. Institutional investors own 83.81% of the company's stock.

Insider Buying and Selling

In other Chubb news, Director Michael Corbat bought 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 5,513 shares of the firm'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 transaction, the insider directly owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,390 shares of company stock valued at $29,163,135 over the last 90 days. Insiders own 0.77% of the company's stock.

Chubb Stock Performance

Shares of NYSE CB traded up $1.36 during midday trading on Friday, reaching $267.40. The company had a trading volume of 3,214,985 shares, compared to its average volume of 1,821,994. The business's 50-day simple moving average is $282.61 and its 200 day simple moving average is $282.34. The stock has a market cap of $106.61 billion, a P/E ratio of 11.80, a P/E/G ratio of 3.03 and a beta of 0.53. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

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

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 buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.5%. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 13th. Chubb's dividend payout ratio is 17.12%.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research analyst reports. Evercore ISI set a $312.00 target price on shares of Chubb in a research note on Wednesday, July 23rd. HSBC downgraded shares of Chubb from a "buy" rating to a "hold" rating and dropped their target price for the stock from $317.00 to $300.00 in a research note on Friday. Raymond James Financial restated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Jefferies Financial Group increased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective on the stock. in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $301.50.

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.