SG Americas Securities LLC Buys 629,822 Shares of Chubb Limited (NYSE:CB)

SG Americas Securities LLC grew its stake in Chubb Limited (NYSE:CB - Free Report) by 1,243.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 680,456 shares of the financial services provider's stock after purchasing an additional 629,822 shares during the period. Chubb makes up approximately 0.7% of SG Americas Securities LLC's holdings, making the stock its 14th largest holding. SG Americas Securities LLC owned approximately 0.17% of Chubb worth $205,491,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Peoples Bank KS bought a new position in shares of Chubb in the first quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new stake in Chubb during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. bought a new position in Chubb in the 4th quarter valued at $29,000. Strategic Financial Concepts LLC acquired a new position in Chubb in the fourth quarter worth $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew 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 institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CB. UBS Group upped their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Wells Fargo & Company increased their price target on shares of Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Barclays lowered their price target on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $307.53.

Chubb Stock Down 0.9%

Shares of CB stock traded down $2.70 during trading on Friday, reaching $286.59. The company's stock had a trading volume of 964,830 shares, compared to its average volume of 1,615,759. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The business has a fifty day moving average price of $287.72 and a 200-day moving average price of $281.78. The company has a market cap of $114.84 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

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 for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.35%. Chubb's dividend payout ratio is presently 18.67%.

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

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John W. Keogh sold 9,794 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the transaction, the chief operating officer now owns 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,856 shares of company stock worth $35,537,155 over the last three months. Insiders own 0.77% of the company's stock.

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.