Chubb Limited (NYSE:CB) Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its position in Chubb Limited (NYSE:CB - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,485 shares of the financial services provider's stock after purchasing an additional 1,067 shares during the quarter. Chubb makes up about 0.8% of Verdence Capital Advisors LLC's portfolio, making the stock its 23rd biggest position. Verdence Capital Advisors LLC's holdings in Chubb were worth $10,112,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Peoples Bank KS purchased a new stake in shares of Chubb in the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new position in Chubb in the first quarter worth approximately $25,000. North Capital Inc. purchased a new stake in Chubb during the first quarter worth $26,000. Crowley Wealth Management Inc. bought a new stake in Chubb during the 4th quarter valued at $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of 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 acquiring an additional 89 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CB has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Chubb from $278.00 to $285.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Jefferies Financial Group boosted their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Barclays downgraded shares of Chubb from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $307.13.

Insider Activity

In related news, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the sale, the chief operating officer owned 237,728 shares in the company, valued at $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the firm's 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 transaction, the insider directly owned 91,180 shares of the company's stock, valued at $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,390 shares of company stock valued at $29,163,135. Company insiders own 0.77% of the company's stock.

Chubb Stock Performance

Shares of NYSE CB traded down $1.72 during midday trading on Friday, reaching $273.74. The company had a trading volume of 2,977,889 shares, compared to its average volume of 1,654,391. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The business's 50-day simple moving average is $286.47 and its 200 day simple moving average is $282.21. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $109.69 billion, a P/E ratio of 13.17, a P/E/G ratio of 3.09 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping 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 company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. On average, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company 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. This represents a $3.88 annualized dividend and a dividend yield of 1.42%. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. Chubb's dividend payout ratio (DPR) is presently 18.67%.

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

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.