Chubb Limited $CB Shares Acquired by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in Chubb Limited by 87.3% in the first quarter, now owning 2,182 shares valued at approximately $659,000.
• Chubb declared a quarterly dividend of $0.97 per share, which will be paid on October 3rd, reflecting an annualized dividend yield of 1.4%.
• Chubb's stock recently traded at $279.43, with a market capitalization of $111.41 billion, and it recently reported a quarterly revenue of $14.20 billion.

Vestmark Advisory Solutions Inc. boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 87.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,182 shares of the financial services provider's stock after buying an additional 1,017 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Chubb were worth $659,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. E Fund Management Co. Ltd. increased its stake in Chubb by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock worth $291,000 after buying an additional 36 shares in the last quarter. Sunflower Bank N.A. increased its stake in Chubb by 4.4% in the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock worth $273,000 after buying an additional 38 shares in the last quarter. Avantax Planning Partners Inc. increased its stake in Chubb by 5.1% in the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock worth $236,000 after buying an additional 38 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in Chubb by 0.5% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,857 shares of the financial services provider's stock worth $2,524,000 after buying an additional 40 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its position in shares of Chubb by 5.6% during the first quarter. Fortitude Advisory Group L.L.C. now owns 798 shares of the financial services provider's stock valued at $227,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Trading Down 0.5%

NYSE CB traded down $1.4450 during trading on Friday, hitting $277.3750. The stock had a trading volume of 1,401,699 shares, compared to its average volume of 1,895,244. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $110.59 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 3.15 and a beta of 0.53. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The stock has a 50 day simple moving average of $276.76 and a 200 day simple moving average of $282.53.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $5.38 earnings per share. Sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

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

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb's dividend payout ratio (DPR) is 17.12%.

Insider Activity at Chubb

In related news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction that occurred on Tuesday, July 1st. The shares were 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 trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael Corbat acquired 425 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares of the company's stock, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of research analyst reports. UBS Group cut their price objective on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research report on Monday, July 28th. HSBC lowered Chubb from a "buy" rating to a "hold" rating and cut their price objective for the company from $317.00 to $300.00 in a research report on Friday, August 1st. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research report on Wednesday, August 13th. Wells Fargo & Company cut their price objective on Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. Finally, Evercore ISI set a $312.00 price objective on Chubb in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $302.00.

About Chubb

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.