Chubb Limited (NYSE:CB) is Vest Financial LLC's Largest Position

Vest Financial LLC raised its holdings in Chubb Limited (NYSE:CB - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 357,332 shares of the financial services provider's stock after purchasing an additional 34,428 shares during the quarter. Chubb accounts for approximately 1.7% of Vest Financial LLC's investment portfolio, making the stock its biggest holding. Vest Financial LLC owned 0.09% of Chubb worth $107,911,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Breakwater Capital Group boosted its holdings in Chubb by 8.5% in the first quarter. Breakwater Capital Group now owns 1,170 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 92 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Chubb by 26.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,821 shares of the financial services provider's stock worth $3,872,000 after acquiring an additional 2,643 shares during the period. Portside Wealth Group LLC acquired a new position in shares of Chubb in the first quarter worth about $266,000. Long Run Wealth Advisors LLC acquired a new position in shares of Chubb in the first quarter worth about $3,712,000. Finally, Firethorn Wealth Partners LLC raised its position in shares of Chubb by 6.6% in the first quarter. Firethorn Wealth Partners LLC now owns 1,493 shares of the financial services provider's stock worth $451,000 after acquiring an additional 92 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. This trade represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the transaction, the chief operating officer now directly owns 237,728 shares in the company, valued at approximately $68,998,174.72. This trade represents a 26.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,553 shares of company stock worth $40,387,620. Insiders own 0.77% of the company's stock.

Chubb Price Performance

CB stock traded up $2.43 during mid-day trading on Friday, reaching $293.95. The company's stock had a trading volume of 1,339,772 shares, compared to its average volume of 1,618,807. The stock has a market cap of $117.79 billion, a PE ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.54. The company has a current ratio of 0.25, 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. The company's 50 day moving average is $287.64 and its two-hundred day moving average is $281.72.

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

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

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.32%. Chubb's dividend payout ratio is presently 18.67%.

Analyst Ratings Changes

CB has been the subject of a number of analyst reports. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Piper Sandler upped their price objective on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Jefferies Financial Group upped their price objective on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, UBS Group upped their price objective on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Chubb presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

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.