Scissortail Wealth Management LLC Increases Position in Chubb Limited (NYSE:CB)

Scissortail Wealth Management LLC lifted its stake in Chubb Limited (NYSE:CB - Free Report) by 4,837.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,354 shares of the financial services provider's stock after buying an additional 18,962 shares during the quarter. Chubb comprises 1.4% of Scissortail Wealth Management LLC's portfolio, making the stock its 23rd biggest holding. Scissortail Wealth Management LLC's holdings in Chubb were worth $5,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CB. Rede Wealth LLC raised its holdings in Chubb by 2.0% during the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after buying an additional 37 shares during the period. United Asset Strategies Inc. lifted its stake in shares of Chubb by 1.3% during the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock worth $851,000 after purchasing an additional 40 shares during the last quarter. Avitas Wealth Management LLC lifted its stake in shares of Chubb by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock worth $2,421,000 after purchasing an additional 40 shares during the last quarter. Tandem Wealth Advisors LLC raised its stake in Chubb by 3.0% in the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock valued at $382,000 after buying an additional 40 shares during the last quarter. Finally, Unison Advisors LLC raised its stake in Chubb by 0.3% in the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock valued at $3,742,000 after buying an additional 41 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Stock Down 1.0%

Shares of NYSE:CB traded down $2.94 on Tuesday, hitting $291.64. 1,524,497 shares of the company's stock were exchanged, compared to its average volume of 1,610,676. The firm's 50-day moving average is $288.63 and its 200 day moving average is $280.78. The company has a market capitalization of $116.87 billion, a PE ratio of 12.84, a P/E/G ratio of 3.36 and a beta of 0.57. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

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. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb declared that its board has approved a stock repurchase plan 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 repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.33%. Chubb's dividend payout ratio is currently 17.52%.

Insider Transactions at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.77% of the company's stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of research reports. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Piper Sandler raised their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Jefferies Financial Group lifted their price target on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. lifted their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley lifted their price objective on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.53.

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.