Chubb Limited (NYSE:CB) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in Chubb Limited (NYSE:CB - Free Report) by 28.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 282,755 shares of the financial services provider's stock after selling 109,755 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Chubb worth $85,389,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Peoples Bank KS acquired a new position in Chubb during the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb during the first quarter worth $25,000. North Capital Inc. acquired a new stake in shares of Chubb during the first quarter worth $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb during the fourth quarter worth $29,000. Finally, Cherry Tree Wealth Management LLC increased its position in shares of Chubb by 56.6% during the first quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider's stock worth $36,000 after buying an additional 43 shares during the period. Institutional investors own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

CB has been the topic of several recent research reports. UBS Group increased their price target on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Morgan Stanley raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Piper Sandler reissued a "neutral" rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research report on Tuesday, May 20th. Finally, Barclays downgraded shares of Chubb from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $321.00 to $298.00 in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $302.47.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 9,794 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $292.99, for a total value of $2,869,544.06. Following the transaction, the chief operating officer owned 247,538 shares in the company, valued at approximately $72,526,158.62. This represents a 3.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the transaction, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,390 shares of company stock valued at $29,163,135. 0.77% of the stock is owned by insiders.

Chubb Price Performance

CB traded up $0.35 during trading hours on Thursday, hitting $270.50. The company's stock had a trading volume of 2,120,849 shares, compared to its average volume of 1,784,882. The business's 50-day moving average price is $285.47 and its 200-day moving average price is $282.21. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The stock has a market cap of $108.40 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 3.09 and a beta of 0.53. 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 (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.55%. The business's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.38 earnings per share. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, June 13th. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.43%. Chubb's dividend payout ratio is 18.67%.

Chubb announced that its Board of Directors has approved a share repurchase program on Thursday, May 15th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.