U.S. Capital Wealth Advisors LLC Buys 1,347 Shares of Chubb Limited (NYSE:CB)

U.S. Capital Wealth Advisors LLC raised its position in shares of Chubb Limited (NYSE:CB - Free Report) by 15.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,002 shares of the financial services provider's stock after acquiring an additional 1,347 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Chubb were worth $3,021,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CB. Peoples Bank KS bought a new position in shares of Chubb in the 1st quarter worth $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Chubb in the first quarter valued at about $25,000. North Capital Inc. bought a new stake in shares of Chubb in the first quarter valued at about $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 89 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Activity 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 stock was sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the completion of the sale, the chief operating officer directly owned 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,390 shares of company stock valued at $29,163,135. Company insiders own 0.86% of the company's stock.

Chubb Stock Down 0.0%

NYSE:CB traded down $0.11 on Tuesday, hitting $279.86. The stock had a trading volume of 1,326,188 shares, compared to its average volume of 1,636,999. The business's fifty day moving average is $287.91 and its 200 day moving average is $282.20. The company has a market cap of $112.15 billion, a PE ratio of 13.47, a P/E/G ratio of 3.16 and a beta of 0.53. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. 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 quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 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 the consensus estimate of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. On average, equities research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were paid a $0.97 dividend. The ex-dividend date was Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.39%. Chubb's dividend payout ratio is 18.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. 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 report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price for the company. in a research note on Tuesday, May 20th. Piper Sandler upped their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. upped their target price on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $306.00.

Chubb Company 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.