Wealth Advisory Solutions LLC Cuts Stock Holdings in Chubb Limited (NYSE:CB)

Wealth Advisory Solutions LLC decreased its position in Chubb Limited (NYSE:CB - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,041 shares of the financial services provider's stock after selling 1,548 shares during the period. Chubb comprises 1.4% of Wealth Advisory Solutions LLC's portfolio, making the stock its 16th largest holding. Wealth Advisory Solutions LLC's holdings in Chubb were worth $5,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CB. Demars Financial Group LLC boosted its holdings in shares of Chubb by 26,761.4% in the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after acquiring an additional 5,340,499 shares in the last quarter. Norges Bank purchased a new stake in Chubb during the fourth quarter worth about $1,169,720,000. GAMMA Investing LLC boosted its holdings in Chubb by 36,831.3% during the first quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock worth $629,357,000 after buying an additional 2,078,390 shares in the last quarter. Royal Bank of Canada boosted its holdings in Chubb by 46.7% during the fourth quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider's stock worth $1,217,392,000 after buying an additional 1,403,545 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in Chubb during the fourth quarter worth about $336,972,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Trading Down 1.0%

Shares of CB traded down $2.88 on Friday, hitting $277.66. 1,249,414 shares of the stock traded hands, compared to its average volume of 1,646,171. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $111.27 billion, a P/E ratio of 13.36, a P/E/G ratio of 3.09 and a beta of 0.53. The stock's 50 day moving average is $287.42 and its two-hundred day moving average is $282.25. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

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 (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 the consensus estimate of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. As a group, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were paid a dividend of $0.97 per share. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.40%. Chubb's dividend payout ratio is presently 18.67%.

Chubb declared that its board has authorized a share buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CB. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective on the stock. in a report on Tuesday, May 20th. Jefferies Financial Group boosted their price objective on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a report on Friday, April 11th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Finally, Barclays downgraded shares of Chubb from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $321.00 to $298.00 in a report on Monday, July 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Chubb currently has a consensus rating of "Moderate Buy" and an average target price of $307.13.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the transaction, the chief operating officer owned 237,728 shares of the company's stock, valued at approximately $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John J. Lupica sold 5,513 shares of the company'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 transaction of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,390 shares of company stock worth $29,163,135 in the last three months. Insiders own 0.77% of the company's stock.

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.