Peterson Wealth Services Has $3.34 Million Holdings in Chubb Limited (NYSE:CB)

Peterson Wealth Services boosted its position in Chubb Limited (NYSE:CB - Free Report) by 9.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,044 shares of the financial services provider's stock after purchasing an additional 965 shares during the period. Chubb comprises 1.0% of Peterson Wealth Services' investment portfolio, making the stock its 29th biggest position. Peterson Wealth Services' holdings in Chubb were worth $3,335,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CB. Peoples Bank KS purchased a new position in Chubb during the first quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb during the first quarter worth $25,000. North Capital Inc. acquired a new stake in shares of Chubb during the first quarter worth $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb during the fourth quarter worth $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after purchasing an additional 89 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Chubb from $278.00 to $285.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods lifted their target price on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Jefferies Financial Group lifted their target price on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. JPMorgan Chase & Co. lifted their target price on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Barclays lowered Chubb from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $321.00 to $298.00 in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Chubb has a consensus rating of "Moderate Buy" and an average target price of $307.13.

Insider Activity

In related news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction dated 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 sale, the insider directly owned 91,180 shares of the company's stock, valued at $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the transaction, the chief operating officer owned 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,390 shares of company stock worth $29,163,135. 0.86% of the stock is currently owned by company insiders.

Chubb Price Performance

Shares of NYSE:CB traded up $5.04 on Tuesday, reaching $279.06. 2,331,150 shares of the company traded hands, compared to its average volume of 1,652,326. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company's 50 day moving average is $286.14 and its 200-day moving average is $282.31. The stock has a market capitalization of $111.83 billion, a PE ratio of 13.43, a P/E/G ratio of 3.05 and a beta of 0.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.37% and a net margin of 15.05%. As a group, analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were given a $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, June 13th. Chubb's dividend payout ratio (DPR) is currently 18.67%.

Chubb declared that its board has authorized a stock repurchase 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 buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.