Chubb Limited (NYSE:CB) Shares Sold by Spire Wealth Management

Spire Wealth Management decreased its holdings in Chubb Limited (NYSE:CB - Free Report) by 73.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,203 shares of the financial services provider's stock after selling 6,044 shares during the period. Spire Wealth Management's holdings in Chubb were worth $665,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of Chubb during the 4th quarter worth approximately $205,000. Bank Pictet & Cie Europe AG purchased a new position in Chubb during the 4th quarter valued at $1,320,000. Whipplewood Advisors LLC bought a new position in Chubb in the 4th quarter valued at $40,000. Finally, Oppenheimer & Co. Inc. grew its position in Chubb by 1.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 22,178 shares of the financial services provider's stock valued at $6,128,000 after acquiring an additional 422 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 9,794 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 247,538 shares in the company, valued at $72,526,158.62. This represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CB. JPMorgan Chase & Co. lifted their target price on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. UBS Group lifted their price objective on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft cut shares of 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. Barclays decreased their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Chubb presently has an average rating of "Moderate Buy" and an average price target of $307.53.

Chubb Stock Performance

CB stock traded up $0.20 during midday trading on Monday, reaching $285.32. The stock had a trading volume of 93,755 shares, compared to its average volume of 1,618,510. The firm has a fifty day simple moving average of $287.84 and a two-hundred day simple moving average of $281.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $114.34 billion, a PE ratio of 13.73, a P/E/G ratio of 3.17 and a beta of 0.54. Chubb Limited has a 52-week low of $251.42 and a 52-week 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 (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

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

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.36%. Chubb's dividend 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.