Chubb Limited (NYSE:CB) Shares Sold by Catalina Capital Group LLC

Catalina Capital Group LLC cut its holdings in shares of Chubb Limited (NYSE:CB) by 65.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 860 shares of the financial services provider’s stock after selling 1,664 shares during the period. Catalina Capital Group LLC’s holdings in Chubb were worth $260,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Peoples Bank KS acquired a new position in shares of Chubb during the first quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chubb during the first quarter worth $25,000. Sierra Ocean LLC acquired a new position in shares of Chubb during the fourth quarter worth $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Chubb during the fourth quarter worth $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of 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. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

NYSE:CB opened at $282.01 on Thursday. Chubb Limited has a one year low of $251.42 and a one 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 0.28. The firm has a market cap of $113.01 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 3.16 and a beta of 0.54. The firm’s fifty day moving average is $287.89 and its two-hundred day moving average is $281.66.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 15.05% and a return on equity of 12.37%. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb announced that its board has initiated a stock repurchase program on Thursday, May 15th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally 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 issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.38%. This is a positive change from Chubb’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. Chubb’s dividend payout ratio is presently 18.67%.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh bought 9,810 shares of the stock in a transaction dated Friday, June 6th. The shares were acquired at an average cost of $292.99 per share, with a total value 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. The trade was a 4.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group upped their price target on Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Morgan Stanley upped their target price on Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company upped their target price on Chubb from $268.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $307.53.

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.