Victrix Investment Advisors Purchases New Shares in Chubb Limited (NYSE:CB)

Victrix Investment Advisors bought a new stake in Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,096 shares of the financial services provider's stock, valued at approximately $3,342,000. Chubb accounts for approximately 2.4% of Victrix Investment Advisors' portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of CB. Vanguard Group Inc. grew its stake in shares of Chubb by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after purchasing an additional 271,648 shares during the last quarter. FMR LLC lifted its holdings in shares of Chubb by 0.6% during the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock worth $4,329,173,000 after purchasing an additional 91,892 shares during the period. Capital World Investors grew its position in Chubb by 1.9% in the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock valued at $3,172,194,000 after buying an additional 212,889 shares during the last quarter. Capital Research Global Investors increased its stake in Chubb by 1.5% in the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock valued at $2,457,402,000 after buying an additional 131,075 shares during the period. Finally, Demars Financial Group LLC raised its position in Chubb by 26,761.4% during the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock worth $1,481,094,000 after buying an additional 5,340,499 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.77% of the stock is currently owned by company insiders.

Chubb Trading Down 1.1%

Chubb stock traded down $3.32 during trading on Thursday, hitting $287.10. The company's stock had a trading volume of 1,146,271 shares, compared to its average volume of 1,610,295. The stock's fifty day moving average is $288.61 and its 200 day moving average is $280.92. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91. The stock has a market capitalization of $115.05 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 3.36 and a beta of 0.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb announced that its board has initiated a stock repurchase program on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a $0.97 dividend. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, June 13th. Chubb's dividend payout ratio (DPR) is 18.67%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CB. Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. UBS Group boosted their price target on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a report on Tuesday. Finally, JMP Securities reissued a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $307.53.

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.