Woodley Farra Manion Portfolio Management Inc. Raises Holdings in Chubb Limited (NYSE:CB)

Woodley Farra Manion Portfolio Management Inc. boosted its position in Chubb Limited (NYSE:CB - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 140,937 shares of the financial services provider's stock after acquiring an additional 3,106 shares during the period. Chubb accounts for about 2.1% of Woodley Farra Manion Portfolio Management Inc.'s holdings, making the stock its 21st biggest position. Woodley Farra Manion Portfolio Management Inc.'s holdings in Chubb were worth $42,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Canopy Partners LLC increased its position in shares of Chubb by 94.4% during the fourth quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock valued at $1,331,000 after acquiring an additional 2,340 shares during the last quarter. Legato Capital Management LLC increased its position in Chubb by 120.9% in the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider's stock worth $3,080,000 after buying an additional 5,582 shares during the last quarter. Davis Rea LTD. purchased a new stake in Chubb in the first quarter worth $5,117,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Chubb by 15.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider's stock worth $760,853,000 after buying an additional 366,559 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Chubb by 3.3% in the first quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock worth $13,070,000 after buying an additional 1,375 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Price Performance

CB stock traded up $1.36 during mid-day trading on Friday, hitting $267.40. 3,214,985 shares of the stock were exchanged, compared to its average volume of 1,821,994. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The business has a fifty day moving average price of $282.61 and a 200 day moving average price of $282.34. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The stock has a market capitalization of $106.61 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 3.03 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the previous year, the company posted $5.38 earnings per share. The company's revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were paid a $0.97 dividend. 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 dividend on an annualized basis and a yield of 1.5%. Chubb's payout ratio is presently 17.12%.

Chubb announced that its board has authorized a stock repurchase program 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 reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have issued reports on the company. HSBC downgraded Chubb from a "buy" rating to a "hold" rating and decreased their target price for the stock from $317.00 to $300.00 in a research report on Friday. Jefferies Financial Group raised their target price on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft cut 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. Finally, Morgan Stanley lifted their price target on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Chubb has a consensus rating of "Hold" and a consensus price target of $301.50.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was 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. The trade was a 5.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Corbat bought 425 shares of Chubb stock in a transaction on Friday, July 25th. The shares were purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 100,390 shares of company stock valued at $29,163,135 in the last ninety days. Company insiders own 0.77% of the company's stock.

Chubb Company 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.