Chubb Limited (NYSE:CB) Stock Position Increased by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 7.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 46,133 shares of the financial services provider's stock after buying an additional 3,027 shares during the period. Wealthfront Advisers LLC's holdings in Chubb were worth $13,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. West Family Investments Inc. lifted its stake in shares of Chubb by 9.6% during the first quarter. West Family Investments Inc. now owns 3,034 shares of the financial services provider's stock valued at $916,000 after buying an additional 265 shares during the period. Graybill Wealth Management LTD. acquired a new position in Chubb during the first quarter worth approximately $637,000. Castlekeep Investment Advisors LLC increased its position in Chubb by 2.2% during the first quarter. Castlekeep Investment Advisors LLC now owns 4,512 shares of the financial services provider's stock worth $1,363,000 after purchasing an additional 98 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Chubb by 16.8% during the first quarter. SBI Securities Co. Ltd. now owns 563 shares of the financial services provider's stock worth $170,000 after purchasing an additional 81 shares during the last quarter. Finally, Trail Ridge Investment Advisors LLC increased its position in Chubb by 2.4% during the first quarter. Trail Ridge Investment Advisors LLC now owns 6,278 shares of the financial services provider's stock worth $1,896,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Down 0.0%

CB traded down $0.08 during trading hours on Friday, reaching $275.38. 883,155 shares of the stock traded hands, compared to its average volume of 1,646,218. The firm's fifty day simple moving average is $286.47 and its two-hundred day simple moving average is $282.21. The company has a market cap of $110.35 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 3.09 and a beta of 0.53. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. The business had revenue of $12.65 billion during 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, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

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

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.41%. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. Chubb's dividend payout ratio is 18.67%.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 85,083 shares of the stock in a transaction 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 directly owned 237,728 shares in the company, valued at $68,998,174.72. This represents a 26.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction 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 owned 91,180 shares in the company, valued at $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,390 shares of company stock worth $29,163,135 over the last quarter. 0.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CB has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target for the company. in a research report on Tuesday, May 20th. Raymond James Financial reissued a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Finally, Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $307.13.

Chubb 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.