Chubb Limited (NYSE:CB) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC grew its position in Chubb Limited (NYSE:CB - Free Report) by 33.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,901 shares of the financial services provider's stock after purchasing an additional 2,502 shares during the quarter. WCM Investment Management LLC's holdings in Chubb were worth $2,935,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Chubb during the fourth quarter worth about $205,000. Bank Pictet & Cie Europe AG acquired a new stake in shares of Chubb during the fourth quarter worth about $1,320,000. Norden Group LLC purchased a new stake in shares of Chubb in the 4th quarter valued at about $220,000. Finally, Modera Wealth Management LLC boosted its position in shares of Chubb by 17.0% in the 4th quarter. Modera Wealth Management LLC now owns 2,123 shares of the financial services provider's stock valued at $587,000 after purchasing an additional 308 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

CB stock traded up $1.91 on Thursday, reaching $281.99. 1,523,457 shares of the company's stock were exchanged, compared to its average volume of 1,633,880. The stock has a fifty day moving average of $287.90 and a 200-day moving average of $281.94. The firm has a market cap of $113.00 billion, a PE ratio of 13.57, a P/E/G ratio of 3.22 and a beta of 0.53. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. As a group, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a dividend of $0.97 per share. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, June 13th. Chubb's dividend payout ratio is presently 18.67%.

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

Analysts Set New Price Targets

CB has been the subject of a number of research reports. Jefferies Financial Group boosted their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. UBS Group lifted their target price on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Piper Sandler increased their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Raymond James Financial reissued a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Finally, Morgan Stanley upped their target price on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. One investment analyst has 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 85,083 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the sale, the chief operating officer owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares of the company's stock, valued at $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,390 shares of company stock valued at $29,163,135. 0.77% of the stock is currently owned by corporate insiders.

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.