Segment Wealth Management LLC Purchases 1,804 Shares of Chubb Limited (NYSE:CB)

Segment Wealth Management LLC boosted its stake in Chubb Limited (NYSE:CB - Free Report) by 191.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,747 shares of the financial services provider's stock after acquiring an additional 1,804 shares during the period. Segment Wealth Management LLC's holdings in Chubb were worth $830,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CB. Demars Financial Group LLC boosted its holdings in Chubb by 26,761.4% in the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after acquiring an additional 5,340,499 shares in the last quarter. Norges Bank bought a new stake in Chubb in the fourth quarter valued at $1,169,720,000. Raymond James Financial Inc. bought a new stake in Chubb in the fourth quarter valued at $1,158,897,000. GAMMA Investing LLC boosted its holdings in shares of Chubb by 36,831.3% during the 1st quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock valued at $629,357,000 after buying an additional 2,078,390 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Chubb by 46.7% during the 4th quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider's stock valued at $1,217,392,000 after buying an additional 1,403,545 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 85,083 shares of the business'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 completion of the transaction, the chief operating officer now owns 237,728 shares of the company's stock, valued at approximately $68,998,174.72. The trade was a 26.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CB has been the topic of a number of research reports. UBS Group boosted their target price on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Wells Fargo & Company boosted their target price 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. Keefe, Bruyette & Woods dropped their target price 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. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Morgan Stanley boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $307.53.

Chubb Price Performance

CB opened at $283.61 on Friday. The stock has a 50-day moving average price of $287.89 and a 200-day moving average price of $281.59. 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 firm has a market cap of $113.65 billion, a PE ratio of 13.65, a P/E/G ratio of 3.14 and a beta of 0.54. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91.

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

Chubb announced that its board has approved a stock buyback plan on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership 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 is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.37%. Chubb's payout ratio is 18.67%.

Chubb 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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