Wealthfront Advisers LLC Grows Position in Chubb Limited (NYSE:CB)

Wealthfront Advisers LLC increased its stake in Chubb Limited (NYSE:CB - Free Report) by 7.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,133 shares of the financial services provider's stock after purchasing 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 filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Peoples Bank KS acquired a new stake in Chubb in the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in Chubb in the 1st quarter worth approximately $25,000. North Capital Inc. acquired a new stake in Chubb in the 1st quarter worth approximately $26,000. Crowley Wealth Management Inc. acquired a new stake in Chubb in the 4th quarter worth approximately $29,000. Finally, Cherry Tree Wealth Management LLC boosted its stake in Chubb by 56.6% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider's stock worth $36,000 after purchasing an additional 43 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CB. Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. Wells Fargo & Company raised their price target on shares of Chubb from $278.00 to $285.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Jefferies Financial Group raised their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.13.

Chubb Stock Performance

Shares of NYSE:CB traded down $1.72 during trading on Friday, hitting $273.74. 2,977,889 shares of the stock traded hands, compared to its average volume of 1,652,788. 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 company has a market cap of $109.70 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 3.06 and a beta of 0.53. The company has a fifty day moving average price of $286.14 and a two-hundred day moving average price of $282.20. Chubb Limited has a 52-week low of $252.16 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, beating the consensus estimate of $3.28 by $0.40. The firm 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, equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.42%. This is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 13th. Chubb's payout ratio is 18.67%.

Chubb announced that its Board of Directors has approved a stock repurchase program on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction 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 sale, the insider owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John W. Keogh sold 9,794 shares of the business'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 completion of the sale, the chief operating officer directly owned 247,538 shares of the company's stock, valued at approximately $72,526,158.62. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 100,390 shares of company stock valued at $29,163,135. 0.77% of the stock is owned by 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.