Simmons Bank Has $1.08 Million Stock Holdings in Chubb Limited (NYSE:CB)

Simmons Bank lowered its position in Chubb Limited (NYSE:CB - Free Report) by 20.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,577 shares of the financial services provider's stock after selling 909 shares during the period. Simmons Bank's holdings in Chubb were worth $1,080,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CB. Peoples Bank KS purchased a new position in Chubb in the 1st quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Chubb in the first quarter worth about $25,000. North Capital Inc. acquired a new position in Chubb during the first quarter worth about $26,000. Crowley Wealth Management Inc. purchased a new stake in Chubb during the 4th quarter valued at about $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in 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 buying an additional 89 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value 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. The trade was a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,390 shares of company stock worth $29,163,135 over the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of NYSE CB traded down $3.96 during midday trading on Monday, reaching $279.84. 1,427,424 shares of the company traded hands, compared to its average volume of 1,638,242. The stock's 50-day simple moving average is $287.96 and its 200-day simple moving average is $282.16. 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 $251.42 and a 12 month high of $306.91. The firm has a market cap of $112.14 billion, a PE ratio of 13.64, a PEG ratio of 3.16 and a beta of 0.53.

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

Chubb announced that its Board of Directors has initiated a stock buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.39%. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is 18.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CB shares. Keefe, Bruyette & Woods cut their price objective on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price objective on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective for the company. in a research report on Tuesday, May 20th. Jefferies Financial Group raised their price target on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Finally, Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $321.00 to $298.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Chubb currently has an average rating of "Moderate Buy" and an average price target of $306.00.

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.