Roffman Miller Associates Inc. PA Grows Stock Position in Chubb Limited (NYSE:CB)

Roffman Miller Associates Inc. PA raised its holdings in Chubb Limited (NYSE:CB - Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 132,728 shares of the financial services provider's stock after buying an additional 2,392 shares during the quarter. Chubb comprises 2.5% of Roffman Miller Associates Inc. PA's holdings, making the stock its 16th largest position. Roffman Miller Associates Inc. PA's holdings in Chubb were worth $40,082,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunflower Bank N.A. raised its stake in shares of Chubb by 4.4% in the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock worth $273,000 after purchasing an additional 38 shares during the last quarter. Avantax Planning Partners Inc. raised its position in Chubb by 5.1% during the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 38 shares in the last quarter. Tandem Wealth Advisors LLC raised its position in Chubb by 3.0% during the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock valued at $382,000 after acquiring an additional 40 shares in the last quarter. Unison Advisors LLC raised its position in Chubb by 0.3% during the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock valued at $3,742,000 after acquiring an additional 41 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its holdings in Chubb by 1.7% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,467 shares of the financial services provider's stock valued at $682,000 after purchasing an additional 42 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CB shares. Barclays dropped their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. lifted their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Morgan Stanley lifted their price objective on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods reduced their price objective on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $307.53.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 5,513 shares of the company's 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 completion of the transaction, the insider directly owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer directly owned 237,728 shares of the company's stock, valued at approximately $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,390 shares of company stock valued at $29,163,135 over the last three months. 0.86% of the stock is currently owned by insiders.

Chubb Trading Up 0.7%

CB opened at $281.99 on Monday. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91. The stock has a market capitalization of $113.00 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 3.16 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. The business has a fifty day moving average price of $287.96 and a 200 day moving average price of $282.16.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.38%. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. Chubb's payout ratio is presently 18.67%.

Chubb declared that its board has initiated a stock buyback program on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board 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.

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