Private Advisor Group LLC Buys 1,102 Shares of Chubb Limited (NYSE:CB)

Private Advisor Group LLC increased its position in Chubb Limited (NYSE:CB - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,847 shares of the financial services provider's stock after purchasing an additional 1,102 shares during the period. Private Advisor Group LLC's holdings in Chubb were worth $5,994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Chubb by 0.6% in the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock worth $4,329,173,000 after acquiring an additional 91,892 shares in the last quarter. Capital World Investors boosted its holdings in Chubb by 1.9% in the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock worth $3,172,194,000 after acquiring an additional 212,889 shares in the last quarter. Capital Research Global Investors boosted its holdings in Chubb by 1.5% in the fourth quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after acquiring an additional 131,075 shares in the last quarter. Demars Financial Group LLC boosted its holdings in Chubb by 16.4% in the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock worth $1,884,004,000 after acquiring an additional 878,177 shares in the last quarter. Finally, GQG Partners LLC boosted its holdings in Chubb by 36.3% in the fourth quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock worth $1,223,932,000 after acquiring an additional 1,178,628 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CB shares. JPMorgan Chase & Co. upped their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. UBS Group upped their price target on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Wells Fargo & Company lowered their price target on Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a report on Thursday. Barclays downgraded Chubb from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $321.00 to $298.00 in a report on Monday, July 7th. Finally, Jefferies Financial Group upped their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has a consensus rating of "Moderate Buy" and a consensus price target of $302.47.

Chubb Stock Performance

Shares of NYSE CB traded up $0.60 during trading on Thursday, hitting $270.75. The company had a trading volume of 1,071,534 shares, compared to its average volume of 1,776,911. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The stock has a 50 day simple moving average of $285.47 and a 200 day simple moving average of $282.21. The firm has a market capitalization of $108.50 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 3.09 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last released its earnings results 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 12.55% and a net margin of 16.08%. The firm had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. During the same quarter last year, the business posted $5.38 earnings per share. The firm's revenue was up 6.3% on a year-over-year basis. As a group, analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.43%. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is currently 18.67%.

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

Insider Activity

In other Chubb news, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer owned 247,538 shares in the company, valued at $72,526,158.62. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred 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 transaction, the insider owned 91,180 shares of the company's stock, valued at $26,447,670.80. This represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,390 shares of company stock valued at $29,163,135 in the last quarter. 0.77% of the stock is currently owned by company 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.