Praxis Investment Management Inc. Purchases 1,240 Shares of Chubb Limited (NYSE:CB)

Praxis Investment Management Inc. raised its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 9.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,240 shares of the financial services provider's stock after buying an additional 1,240 shares during the period. Praxis Investment Management Inc.'s holdings in Chubb were worth $4,300,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. World Equity Group Inc. boosted its stake in Chubb by 3.3% in the 1st quarter. World Equity Group Inc. now owns 1,591 shares of the financial services provider's stock worth $479,000 after purchasing an additional 51 shares during the period. Appleton Partners Inc. MA lifted its position in Chubb by 124.6% in the 1st quarter. Appleton Partners Inc. MA now owns 2,659 shares of the financial services provider's stock worth $803,000 after buying an additional 1,475 shares in the last quarter. Advocate Group LLC lifted its position in Chubb by 0.6% in the 1st quarter. Advocate Group LLC now owns 23,943 shares of the financial services provider's stock worth $7,231,000 after buying an additional 143 shares in the last quarter. Advisor Resource Council purchased a new stake in Chubb in the 1st quarter worth approximately $346,000. Finally, Segment Wealth Management LLC lifted its position in Chubb by 191.3% in the 1st quarter. Segment Wealth Management LLC now owns 2,747 shares of the financial services provider's stock worth $830,000 after buying an additional 1,804 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the transaction, the chief operating officer now directly owns 237,728 shares of the company's stock, valued at $68,998,174.72. This trade represents a 26.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Wells Fargo & Company raised 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. Raymond James Financial restated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Keefe, Bruyette & Woods cut their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, HSBC upgraded 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have given 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 a consensus price target of $307.53.

Chubb Stock Performance

NYSE CB traded up $1.46 during midday trading on Friday, hitting $283.61. The company had a trading volume of 2,389,071 shares, compared to its average volume of 1,614,093. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $113.65 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 3.16 and a beta of 0.54. The firm has a fifty day simple moving average of $287.89 and a two-hundred day simple moving average of $281.56. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly 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 company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. Equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Chubb Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 1.37%. This is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. Chubb's dividend payout ratio (DPR) is currently 18.67%.

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.