State of Wyoming Grows Stock Holdings in Chubb Limited (NYSE:CB)

State of Wyoming increased its stake in Chubb Limited (NYSE:CB - Free Report) by 726.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,925 shares of the financial services provider's stock after buying an additional 1,692 shares during the period. State of Wyoming's holdings in Chubb were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rede Wealth LLC increased its position in shares of Chubb by 2.0% during the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after acquiring an additional 37 shares in the last quarter. United Asset Strategies Inc. boosted its stake in Chubb by 1.3% during the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock valued at $851,000 after purchasing an additional 40 shares during the last quarter. Avitas Wealth Management LLC increased its holdings in shares of Chubb by 0.5% in the 4th quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock worth $2,421,000 after purchasing an additional 40 shares in the last quarter. Tandem Wealth Advisors LLC increased its holdings in shares of Chubb by 3.0% in the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock worth $382,000 after purchasing an additional 40 shares in the last quarter. Finally, Unison Advisors LLC raised its stake in shares of Chubb by 0.3% in the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock worth $3,742,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CB shares. JPMorgan Chase & Co. lifted their price objective 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 reduced their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Piper Sandler boosted their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Morgan Stanley raised their target price on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.86.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were 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 directly owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 over the last 90 days. 0.77% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of Chubb stock opened at $294.29 on Tuesday. The stock has a market cap of $117.93 billion, a P/E ratio of 12.95, a P/E/G ratio of 3.36 and a beta of 0.57. 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 stock's fifty day moving average is $288.63 and its 200 day moving average is $280.78. Chubb Limited has a one year low of $251.42 and a one year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a dividend of $0.97 per share. This is a boost 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 1.32%. Chubb's dividend payout ratio (DPR) is presently 17.52%.

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

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.

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.