Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 392,510 Chubb Limited (NYSE:CB)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 392,510 shares of the financial services provider's stock, valued at approximately $108,451,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Chubb at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CB. Sierra Ocean LLC acquired a new position in shares of Chubb in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. purchased a new position in Chubb in the 4th quarter valued at $29,000. Strategic Financial Concepts LLC purchased a new position in Chubb in the 4th quarter valued at $30,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in Chubb by 254.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after buying an additional 89 shares during the period. Finally, Human Investing LLC purchased a new position in Chubb during the 4th quarter worth $36,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 85,083 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the sale, the chief operating officer now directly owns 237,728 shares of the company's stock, valued at $68,998,174.72. This trade represents a 26.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,553 shares of company stock valued at $43,257,220. Corporate insiders own 0.86% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods reduced 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. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Finally, Piper Sandler raised their price target on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.53.

Chubb Price Performance

NYSE:CB traded up $3.19 during mid-day trading on Friday, hitting $297.34. 2,483,635 shares of the company's stock traded hands, compared to its average volume of 1,617,857. 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 has a market cap of $119.15 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The firm's 50 day simple moving average is $288.05 and its 200 day simple moving average is $281.42. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91.

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

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

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given 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 annualized dividend and a yield of 1.30%. Chubb's dividend payout ratio (DPR) is presently 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.