Waverly Advisors LLC Has $1.99 Million Holdings in Chubb Limited (NYSE:CB)

Waverly Advisors LLC increased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,190 shares of the financial services provider's stock after purchasing an additional 2,002 shares during the period. Waverly Advisors LLC's holdings in Chubb were worth $1,987,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CB. Rede Wealth LLC grew its position in shares of Chubb by 2.0% in the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after purchasing an additional 37 shares during the period. United Asset Strategies Inc. lifted its stake in Chubb by 1.3% in the fourth quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock valued at $851,000 after buying an additional 40 shares in the last quarter. Avitas Wealth Management LLC lifted its stake in Chubb by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock valued at $2,421,000 after buying an additional 40 shares in the last quarter. Tandem Wealth Advisors LLC boosted its holdings in shares of Chubb by 3.0% in the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock valued at $382,000 after buying an additional 40 shares during the period. Finally, Unison Advisors LLC increased its position in shares of Chubb by 0.3% during the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock worth $3,742,000 after acquiring an additional 41 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares of the company's stock, valued at $170,321,922.75. This represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,553 shares of company stock worth $43,257,220. Insiders own 0.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CB shares. Wells Fargo & Company boosted their price objective on shares of Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Morgan Stanley boosted their price target on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Raymond James reissued a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Finally, Barclays cut their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Chubb has an average rating of "Moderate Buy" and an average target price of $307.53.

Chubb Trading Down 1.1%

NYSE CB opened at $287.10 on Friday. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $288.39 and a 200-day moving average of $280.99. The company has a market cap of $115.05 billion, a PE ratio of 12.64, a PEG ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) 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 firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. On average, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb declared that its board has approved a stock buyback 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 typically an indication that the company's board of directors 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 paid a $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, June 13th. Chubb's dividend payout ratio (DPR) is 18.67%.

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.

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