Vista Investment Partners LLC Has $3.87 Million Stock Holdings in Chubb Limited (NYSE:CB)

Vista Investment Partners LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 2.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,828 shares of the financial services provider’s stock after purchasing an additional 246 shares during the quarter. Vista Investment Partners LLC’s holdings in Chubb were worth $3,874,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Chubb in the fourth quarter valued at about $205,000. Van ECK Associates Corp increased its holdings in shares of Chubb by 2.9% in the fourth quarter. Van ECK Associates Corp now owns 13,391 shares of the financial services provider’s stock worth $3,700,000 after acquiring an additional 381 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in shares of Chubb during the fourth quarter worth about $1,320,000. Finally, Principal Securities Inc. lifted its holdings in shares of Chubb by 23.0% during the 4th quarter. Principal Securities Inc. now owns 13,864 shares of the financial services provider’s stock valued at $3,831,000 after purchasing an additional 2,590 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the sale, the executive vice president now owns 78,422 shares of the company’s stock, valued at approximately $23,120,374.04. The trade was a 13.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO John W. Keogh sold 85,083 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the transaction, the chief operating officer now owns 237,728 shares in the company, valued at approximately $68,998,174.72. This trade represents a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,108 shares of company stock worth $31,169,977 over the last 90 days. Company insiders own 0.77% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $286.20 on Tuesday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $287.96 and its 200 day simple moving average is $281.64. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91. The company has a market cap of $114.69 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 3.36 and a beta of 0.54.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb announced that its Board of Directors has initiated a share 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 buy 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 declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Friday, June 13th. This is an increase from Chubb’s previous quarterly dividend of $0.91. Chubb’s payout ratio is 18.67%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CB. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. Raymond James reissued a “strong-buy” rating on shares of Chubb in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Piper Sandler upped their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. Finally, Barclays reduced their price objective on Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Two research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $307.53.

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.