Chubb Limited (NYSE:CB) is Virginia Wealth Management Group Inc.'s 4th Largest Position

Virginia Wealth Management Group Inc. decreased its holdings in Chubb Limited (NYSE:CB - Free Report) by 6.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,893 shares of the financial services provider's stock after selling 1,318 shares during the period. Chubb accounts for about 3.3% of Virginia Wealth Management Group Inc.'s portfolio, making the stock its 4th biggest holding. Virginia Wealth Management Group Inc.'s holdings in Chubb were worth $5,403,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Focus Financial Network Inc. boosted its stake in Chubb by 46.8% during the first quarter. Focus Financial Network Inc. now owns 1,270 shares of the financial services provider's stock valued at $385,000 after buying an additional 405 shares during the last quarter. CX Institutional boosted its stake in Chubb by 17.0% during the first quarter. CX Institutional now owns 3,367 shares of the financial services provider's stock valued at $1,017,000 after buying an additional 488 shares during the last quarter. MV Capital Management Inc. boosted its stake in Chubb by 3.2% during the first quarter. MV Capital Management Inc. now owns 10,508 shares of the financial services provider's stock valued at $3,173,000 after buying an additional 326 shares during the last quarter. Trueblood Wealth Management LLC boosted its stake in Chubb by 19.7% during the first quarter. Trueblood Wealth Management LLC now owns 4,991 shares of the financial services provider's stock valued at $1,507,000 after buying an additional 821 shares during the last quarter. Finally, Nepsis Inc. boosted its stake in Chubb by 28.5% during the first quarter. Nepsis Inc. now owns 75,192 shares of the financial services provider's stock valued at $22,707,000 after buying an additional 16,669 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CB. JPMorgan Chase & Co. increased their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Barclays decreased their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Finally, UBS Group increased their price objective on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Transactions at Chubb

In related 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 value of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction dated 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 transaction, the chief operating officer now owns 237,728 shares of the company's stock, valued at $68,998,174.72. The trade was a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,856 shares of company stock valued at $35,537,155 in the last quarter. 0.77% of the stock is currently owned by corporate insiders.

Chubb Stock Down 0.9%

NYSE CB traded down $2.70 during midday trading on Friday, hitting $286.59. 964,830 shares of the company traded hands, compared to its average volume of 1,615,759. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company has a market cap of $114.84 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.54. The company's 50-day simple moving average is $287.72 and its 200-day simple moving average is $281.78. 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 announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

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

Chubb declared that its board has authorized a share buyback plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is 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.