NBC Securities Inc. Acquires 20,465 Shares of Chubb Limited (NYSE:CB)

NBC Securities Inc. increased its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 102,325.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,485 shares of the financial services provider's stock after purchasing an additional 20,465 shares during the quarter. Chubb makes up approximately 0.5% of NBC Securities Inc.'s portfolio, making the stock its 23rd largest position. NBC Securities Inc.'s holdings in Chubb were worth $6,186,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. California Public Employees Retirement System raised its position in shares of Chubb by 1.1% in the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock valued at $373,110,000 after purchasing an additional 14,610 shares during the period. Canopy Partners LLC increased its position in Chubb by 94.4% during the fourth quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock worth $1,331,000 after acquiring an additional 2,340 shares during the period. Vista Investment Partners II LLC bought a new position in Chubb during the fourth quarter worth $2,442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Chubb by 15.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider's stock worth $760,853,000 after acquiring an additional 366,559 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Chubb during the fourth quarter worth $1,158,897,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

NYSE CB traded down $1.69 on Thursday, hitting $290.09. 412,334 shares of the company were exchanged, compared to its average volume of 1,611,400. 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 1-year low of $251.42 and a 1-year high of $306.91. The company has a market cap of $116.25 billion, a P/E ratio of 12.77, a P/E/G ratio of 3.36 and a beta of 0.57. The firm has a 50 day moving average of $288.02 and a two-hundred day moving average of $281.63.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb announced that its Board of Directors has initiated a stock buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in 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 usually a sign that the company's leadership 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 given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.34%. Chubb's dividend payout ratio is presently 18.67%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. The trade was a 33.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John W. Keogh sold 85,083 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 237,728 shares of the company's stock, valued at $68,998,174.72. This represents a 26.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,553 shares of company stock worth $40,387,620. Company insiders own 0.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CB. Jefferies Financial Group boosted their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Piper Sandler boosted their price target on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their price target on shares of Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.