Capital Investment Advisors LLC Boosts Stock Position in Chubb Limited (NYSE:CB)

Capital Investment Advisors LLC raised its position in shares of Chubb Limited (NYSE:CB) by 7.2% during the 1st quarter, Holdings Channel reports. The firm owned 4,111 shares of the financial services provider’s stock after buying an additional 277 shares during the quarter. Capital Investment Advisors LLC’s holdings in Chubb were worth $1,242,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Peoples Bank KS purchased a new stake in shares of Chubb in the first quarter worth about $25,000. Sierra Ocean LLC purchased a new position in Chubb during the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. purchased a new position in Chubb during the fourth quarter worth approximately $29,000. Strategic Financial Concepts LLC purchased a new position in Chubb during the fourth quarter worth approximately $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other news, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John W. Keogh sold 85,083 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the transaction, the chief operating officer now owns 237,728 shares of the company’s stock, valued at approximately $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 112,825 shares of company stock valued at $32,889,194 over the last quarter. 0.77% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays lowered their price target on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. UBS Group increased their target price on Chubb from $303.00 to $304.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Morgan Stanley increased their target price on Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Keefe, Bruyette & Woods reduced their target price on Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $307.53.

Chubb Price Performance

CB stock opened at $289.83 on Tuesday. The business has a fifty day moving average of $287.40 and a two-hundred day moving average of $281.71. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market cap of $116.14 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 3.36 and a beta of 0.54. Chubb Limited has a 52-week low of $251.42 and a 52-week high of $306.91.

Chubb (NYSE:CB) last posted its earnings results 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 company had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its board has approved a stock repurchase program on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Chubb Increases Dividend

The firm also recently announced 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. This is a boost from Chubb’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.34%. Chubb’s dividend payout ratio (DPR) is 18.67%.

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.