Chubb Limited (NYSE:CB) Stock Holdings Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 994,430 shares of the financial services provider's stock after acquiring an additional 5,048 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Chubb worth $300,308,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC raised its stake in shares of Chubb by 9.1% in the 1st quarter. Golden State Wealth Management LLC now owns 549 shares of the financial services provider's stock worth $166,000 after buying an additional 46 shares in the last quarter. Patron Partners LLC raised its stake in shares of Chubb by 16.0% in the 1st quarter. Patron Partners LLC now owns 1,851 shares of the financial services provider's stock worth $559,000 after buying an additional 255 shares in the last quarter. Confluence Wealth Services Inc. raised its stake in shares of Chubb by 35.4% in the 1st quarter. Confluence Wealth Services Inc. now owns 13,747 shares of the financial services provider's stock worth $3,911,000 after buying an additional 3,594 shares in the last quarter. Vista Investment Partners II LLC raised its stake in shares of Chubb by 1.8% in the 1st quarter. Vista Investment Partners II LLC now owns 8,996 shares of the financial services provider's stock worth $2,717,000 after buying an additional 158 shares in the last quarter. Finally, 3Chopt Investment Partners LLC bought a new stake in shares of Chubb in the 1st quarter worth $235,000. Institutional investors own 83.81% of the company's stock.

Insider Activity

In other news, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the transaction, the chief operating officer now owns 237,728 shares in the company, valued at approximately $68,998,174.72. The trade was a 26.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Chubb Trading Up 0.5%

Shares of Chubb stock traded up $1.55 on Friday, reaching $285.12. 3,782,107 shares of the company were exchanged, compared to its average volume of 1,629,067. The stock has a fifty day moving average price of $287.84 and a 200-day moving average price of $281.73. The firm has a market capitalization of $114.26 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 3.15 and a beta of 0.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week 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 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. On average, analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb declared that its Board of Directors has authorized a share repurchase plan 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 buy up to 4.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a dividend of $0.97 per share. This is an increase 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 dividend yield of 1.36%. Chubb's payout ratio is currently 18.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CB. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft downgraded Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective on the stock. in a research note on Tuesday, May 20th. Raymond James Financial reissued a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Finally, Wells Fargo & Company boosted their price objective on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Chubb has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

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.