OneDigital Investment Advisors LLC Reduces Stock Holdings in Chubb Limited (NYSE:CB)

OneDigital Investment Advisors LLC lessened its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 14.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,473 shares of the financial services provider's stock after selling 1,768 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Chubb were worth $3,163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sunflower Bank N.A. boosted its stake in Chubb by 4.4% in the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock worth $273,000 after buying an additional 38 shares in the last quarter. Avantax Planning Partners Inc. raised its holdings in shares of Chubb by 5.1% during the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 38 shares in the last quarter. Tandem Wealth Advisors LLC raised its holdings in shares of Chubb by 3.0% during the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock valued at $382,000 after acquiring an additional 40 shares in the last quarter. Unison Advisors LLC grew its stake in Chubb by 0.3% in the fourth 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. Finally, Sage Mountain Advisors LLC grew its stake in Chubb by 1.7% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,467 shares of the financial services provider's stock worth $682,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CB shares. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research note on Tuesday, May 20th. Wells Fargo & Company increased their target price on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Barclays cut Chubb from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $321.00 to $298.00 in a research note on Monday. Finally, Piper Sandler increased their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of "Moderate Buy" and an average target price of $306.00.

Chubb Price Performance

CB traded up $0.08 on Tuesday, hitting $280.05. 564,239 shares of the company's stock traded hands, compared to its average volume of 1,634,088. The company's 50 day simple moving average is $287.91 and its 200-day simple moving average is $282.20. The firm has a market cap of $112.22 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 3.16 and a beta of 0.53. Chubb Limited has a one year low of $251.42 and a one 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 0.21.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (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%. As a group, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were issued a $0.97 dividend. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.39%. Chubb's payout ratio is 18.67%.

Chubb declared that its board has approved a stock buyback program on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 85,083 shares of Chubb 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 completion of the sale, the chief operating officer directly owned 237,728 shares of the company's stock, valued at $68,998,174.72. The trade was a 26.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,390 shares of company stock valued at $29,163,135. Company insiders own 0.86% of the company's stock.

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.