Vontobel Holding Ltd. Has $20.50 Million Stock Position in Chubb Limited (NYSE:CB)

Vontobel Holding Ltd. boosted its stake in Chubb Limited (NYSE:CB - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,881 shares of the financial services provider's stock after buying an additional 1,796 shares during the quarter. Vontobel Holding Ltd.'s holdings in Chubb were worth $20,499,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Mather Group LLC. raised its stake in shares of Chubb by 2.0% in the first quarter. Mather Group LLC. now owns 6,713 shares of the financial services provider's stock valued at $2,027,000 after acquiring an additional 130 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in Chubb in the 1st quarter valued at $45,000. G&S Capital LLC raised its position in Chubb by 3.0% in the 1st quarter. G&S Capital LLC now owns 2,280 shares of the financial services provider's stock valued at $689,000 after purchasing an additional 67 shares during the last quarter. Jacobsen Capital Management acquired a new position in Chubb in the first quarter worth $222,000. Finally, Amalgamated Bank grew its holdings in shares of Chubb by 0.9% during the first quarter. Amalgamated Bank now owns 75,689 shares of the financial services provider's stock worth $22,857,000 after purchasing an additional 700 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Piper Sandler upped their price target 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. Keefe, Bruyette & Woods decreased their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. Raymond James Financial reissued a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Finally, Jefferies Financial Group upped their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the transaction, the chief operating officer owned 247,538 shares in the company, valued at $72,526,158.62. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company's stock.

Chubb Stock Performance

Chubb stock traded down $9.77 during midday trading on Wednesday, reaching $279.82. 2,540,551 shares of the company's stock were exchanged, compared to its average volume of 1,632,239. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock's 50-day simple moving average is $288.00 and its 200 day simple moving average is $281.96. The firm has a market cap of $112.13 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 3.22 and a beta of 0.53. 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 posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share 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 business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. On average, analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.39%. Chubb's dividend payout ratio (DPR) is currently 18.67%.

Chubb announced that its board has authorized a stock buyback plan on Thursday, May 15th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership 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.