15,641 Shares in Chubb Limited (NYSE:CB) Bought by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC bought a new position in Chubb Limited (NYSE:CB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,641 shares of the financial services provider's stock, valued at approximately $4,322,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sierra Ocean LLC bought a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Crowley Wealth Management Inc. acquired a new position in Chubb in the fourth quarter valued at about $29,000. Strategic Financial Concepts LLC acquired a new stake in Chubb during the 4th quarter valued at $30,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after buying an additional 89 shares in the last quarter. Finally, Human Investing LLC acquired a new stake in Chubb in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Buying and Selling

In related news, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the sale, the chief operating officer now directly owns 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,553 shares of company stock worth $43,257,220 in the last three months. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Performance

Shares of CB stock traded down $0.23 on Wednesday, hitting $289.50. The company's stock had a trading volume of 585,065 shares, compared to its average volume of 1,606,868. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock's 50 day moving average is $287.92 and its 200-day moving average is $281.18. The company has a market capitalization of $116.01 billion, a PE ratio of 12.74, a PEG ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb announced that its Board of Directors has approved a stock 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 reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors 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 $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's payout ratio is currently 18.67%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods cut their price objective on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Raymond James reissued a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Two 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.