Worth Financial Advisory Group LLC Has $864,000 Stock Holdings in Chubb Limited (NYSE:CB)

Worth Financial Advisory Group LLC trimmed its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 44.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,862 shares of the financial services provider's stock after selling 2,284 shares during the quarter. Worth Financial Advisory Group LLC's holdings in Chubb were worth $864,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Chubb by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after purchasing an additional 271,648 shares in the last quarter. FMR LLC grew its position in Chubb by 0.6% during the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after purchasing an additional 91,892 shares in the last quarter. Capital World Investors grew its position in Chubb by 1.9% during the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock valued at $3,172,194,000 after purchasing an additional 212,889 shares in the last quarter. Capital Research Global Investors grew its position in Chubb by 1.5% during the fourth quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock valued at $2,457,402,000 after purchasing an additional 131,075 shares in the last quarter. Finally, Demars Financial Group LLC grew its position in Chubb by 16.4% during the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock valued at $1,884,004,000 after purchasing an additional 878,177 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group boosted their target price 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. Morgan Stanley boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. boosted their target price 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. UBS Group boosted their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Chubb presently has an average rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Activity at Chubb

In related news, COO John W. Keogh bought 9,810 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $292.99 per share, for a total transaction of $2,874,231.90. Following the purchase, the chief operating officer now directly owns 247,538 shares in the company, valued at $72,526,158.62. This trade represents a 4.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.86% of the company's stock.

Chubb Stock Performance

Shares of NYSE CB traded up $1.46 during trading hours on Friday, hitting $283.61. 2,389,071 shares of the stock were exchanged, compared to its average volume of 1,614,093. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company's 50 day moving average is $287.89 and its 200 day moving average is $281.56. The firm has a market capitalization of $113.65 billion, a P/E ratio of 13.65, a P/E/G ratio of 3.16 and a beta of 0.54. Chubb Limited has a one year low of $251.42 and a one year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion during 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%. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a dividend of $0.97 per share. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, June 13th. Chubb's dividend payout ratio is presently 18.67%.

Chubb declared that its board has approved a stock buyback plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

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.