Chubb Limited (NYSE:CB) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 14.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 10,473 shares of the financial services provider’s stock after selling 1,768 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Chubb were worth $3,163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Peoples Bank KS acquired a new stake in shares of Chubb during the first quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb in the 1st quarter valued at about $25,000. North Capital Inc. purchased a new position in Chubb during the 1st quarter worth approximately $26,000. Crowley Wealth Management Inc. acquired a new position in Chubb during the fourth quarter worth approximately $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock valued at $34,000 after buying an additional 89 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Chubb from $268.00 to $278.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 24th. Piper Sandler increased their price target 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. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a “buy” rating to a “hold” rating and set a $303.00 price objective on the stock. in a research report on Tuesday, May 20th. Morgan Stanley upped their target price on shares of Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Chubb in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb has an average rating of “Moderate Buy” and an average price target of $307.53.

Chubb Trading Up 0.7%

Shares of CB stock opened at $281.99 on Friday. The business’s fifty day moving average price is $287.96 and its 200 day moving average price is $282.09. The firm has a market capitalization of $113.00 billion, a PE ratio of 13.57, a P/E/G ratio of 3.16 and a beta of 0.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.40. Chubb had a net margin of 15.05% and a return on equity of 12.37%. The business had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $11.22 billion. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.38%. Chubb’s dividend payout ratio (DPR) is 18.67%.

Chubb declared that its board has initiated 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 reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 85,083 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the sale, the chief operating officer owned 237,728 shares of the company’s stock, valued at $68,998,174.72. The trade was a 26.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the sale, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,390 shares of company stock valued at $29,163,135. 0.77% of the stock is currently owned by corporate insiders.

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.