Park Avenue Securities LLC Has $7.22 Million Stock Holdings in Chubb Limited (NYSE:CB)

Park Avenue Securities LLC grew its holdings in Chubb Limited (NYSE:CB - Free Report) by 14.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,905 shares of the financial services provider's stock after purchasing an additional 3,061 shares during the quarter. Park Avenue Securities LLC's holdings in Chubb were worth $7,219,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Chubb by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after buying an additional 271,648 shares during the period. FMR LLC lifted its stake in shares of Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after purchasing an additional 91,892 shares during the period. Capital World Investors lifted its stake in shares of Chubb by 1.9% in the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock valued at $3,172,194,000 after purchasing an additional 212,889 shares during the period. Capital Research Global Investors boosted its position in shares of Chubb by 1.5% in the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after purchasing an additional 131,075 shares during the last quarter. Finally, Demars Financial Group LLC grew its stake in shares of Chubb by 26,761.4% during the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock worth $1,481,094,000 after purchasing an additional 5,340,499 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Up 1.2%

CB stock traded up $3.49 during midday trading on Thursday, hitting $289.10. The company's stock had a trading volume of 1,253,131 shares, compared to its average volume of 1,615,987. The company's fifty day moving average price is $287.17 and its 200 day moving average price is $281.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The stock has a market capitalization of $115.85 billion, a P/E ratio of 12.72, a PEG ratio of 3.36 and a beta of 0.54.

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, topping the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is presently 18.67%.

Chubb announced that its board has initiated a share buyback plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in 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 generally a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have weighed in on CB. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Barclays lowered their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective for the company. in a research report on Tuesday, May 20th. Finally, Raymond James restated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. This trade represents a 33.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,619 shares of company stock valued at $35,758,738. 0.77% of the stock is owned by corporate insiders.

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.