World Investment Advisors Has $11.01 Million Stock Holdings in Chubb Limited (NYSE:CB)

World Investment Advisors boosted its stake in Chubb Limited (NYSE:CB - Free Report) by 5.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 36,448 shares of the financial services provider's stock after buying an additional 2,011 shares during the period. World Investment Advisors' holdings in Chubb were worth $11,007,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in Chubb by 1.1% in the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock valued at $373,110,000 after purchasing an additional 14,610 shares during the period. Canopy Partners LLC boosted its position in shares of Chubb by 94.4% in 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 period. Vista Investment Partners II LLC acquired a new position in shares of Chubb in the fourth quarter valued at about $2,442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 valued at $760,853,000 after acquiring an additional 366,559 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Chubb by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after acquiring an additional 271,648 shares during the period. 83.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 5,513 shares of Chubb 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 directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $292.99, for a total value of $2,869,544.06. Following the transaction, the chief operating officer owned 247,538 shares of the company's stock, valued at $72,526,158.62. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,390 shares of company stock valued at $29,163,135 over the last 90 days. 0.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley raised their price objective on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Wells Fargo & Company lifted their price objective on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Finally, Barclays dropped their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $307.53.

Chubb Trading Up 0.7%

NYSE CB opened at $281.99 on Friday. The company has a market cap of $113.00 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 3.16 and a beta of 0.53. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. 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 business's fifty day moving average is $287.96 and its 200 day moving average is $282.02.

Chubb (NYSE:CB - Get Free Report) last released 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. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. As a group, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb announced that its board has approved a share buyback plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were paid a $0.97 dividend. This is a boost 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 1.38%. Chubb's payout ratio is currently 18.67%.

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.

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