Silvercrest Asset Management Group LLC Purchases 23,923 Shares of Chubb Limited (NYSE:CB)

Silvercrest Asset Management Group LLC boosted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 981.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,360 shares of the financial services provider's stock after purchasing an additional 23,923 shares during the period. Silvercrest Asset Management Group LLC's holdings in Chubb were worth $7,283,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares during the last quarter. Brookstone Capital Management grew its position in Chubb by 7.2% in the fourth quarter. Brookstone Capital Management now owns 1,352 shares of the financial services provider's stock worth $373,000 after acquiring an additional 91 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of Chubb by 3.3% during the 4th quarter. Ritholtz Wealth Management now owns 7,365 shares of the financial services provider's stock worth $2,035,000 after purchasing an additional 236 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Chubb by 13.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 6,296 shares of the financial services provider's stock valued at $1,740,000 after purchasing an additional 757 shares in the last quarter. Finally, Merit Financial Group LLC lifted its stake in shares of Chubb by 47.5% in the 4th quarter. Merit Financial Group LLC now owns 9,067 shares of the financial services provider's stock valued at $2,505,000 after purchasing an additional 2,919 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CB has been the topic of several recent research reports. Barclays cut their target price 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. boosted their target price on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Jefferies Financial Group boosted their price objective on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $307.53.

Chubb Price Performance

Shares of NYSE:CB traded down $3.32 during midday trading on Thursday, reaching $287.10. 1,146,271 shares of the company's stock were exchanged, compared to its average volume of 1,610,602. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company's 50 day simple moving average is $288.61 and its two-hundred day simple moving average is $280.92. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91. The firm has a market capitalization of $115.05 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last announced 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. The business had revenue of $12.65 billion for 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%. Equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is currently 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 shares. This repurchase authorization allows the financial services provider to purchase 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.

Insider Buying and Selling

In related news, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. The trade was a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. The trade was a 11.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 in the last 90 days. 0.77% of the stock is owned by 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.