Clayton Financial Group LLC Sells 64 Shares of Chubb Limited (NYSE:CB)

Clayton Financial Group LLC decreased its stake in Chubb Limited (NYSE:CB) by 7.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 762 shares of the financial services provider’s stock after selling 64 shares during the period. Clayton Financial Group LLC’s holdings in Chubb were worth $230,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Sunflower Bank N.A. boosted its stake in Chubb by 4.4% during the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock valued at $273,000 after buying an additional 38 shares during the period. Tandem Wealth Advisors LLC raised its position in Chubb by 3.0% in the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 40 shares during the period. Unison Advisors LLC raised its position in Chubb by 0.3% in the 4th quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $3,742,000 after purchasing an additional 41 shares during the period. Lindbrook Capital LLC raised its position in Chubb by 1.6% in the 4th quarter. Lindbrook Capital LLC now owns 2,716 shares of the financial services provider’s stock worth $750,000 after purchasing an additional 42 shares during the period. Finally, Sage Mountain Advisors LLC raised its position in Chubb by 1.7% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,467 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 42 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Raymond James restated a “strong-buy” rating on shares of Chubb in a research report on Thursday, April 24th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Jefferies Financial Group boosted their price objective on shares of Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Finally, Morgan Stanley boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Chubb currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.53.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 9,794 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $292.99, for a total value of $2,869,544.06. Following the sale, the chief operating officer now owns 247,538 shares in the company, valued at approximately $72,526,158.62. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 12,231 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was 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 in the company, valued at approximately $23,120,374.04. This trade represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,108 shares of company stock worth $31,169,977. 0.77% of the stock is currently owned by company insiders.

Chubb Price Performance

Shares of NYSE CB opened at $286.20 on Tuesday. 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 current ratio of 0.25 and a quick ratio of 0.28. The company’s 50-day moving average is $287.96 and its 200 day moving average is $281.64. The stock has a market capitalization of $114.69 billion, a P/E ratio of 12.60, a P/E/G ratio of 3.36 and a beta of 0.54.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb’s previous quarterly dividend of $0.91. Chubb’s dividend payout ratio is 18.67%.

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