Beech Hill Advisors Inc. Sells 120 Shares of Chubb Limited (NYSE:CB)

Beech Hill Advisors Inc. reduced its position in Chubb Limited (NYSE:CB) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,240 shares of the financial services provider’s stock after selling 120 shares during the quarter. Beech Hill Advisors Inc.’s holdings in Chubb were worth $978,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Peoples Bank KS bought a new position in Chubb in the 1st quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb during the 1st quarter valued at $25,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb during the 4th quarter valued at $29,000. Cherry Tree Wealth Management LLC raised its stake in Chubb by 56.6% during the first quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider’s stock worth $36,000 after buying an additional 43 shares during the last quarter. 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 valued at $34,000 after acquiring an additional 89 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on CB shares. Deutsche Bank Aktiengesellschaft lowered Chubb from a “buy” rating to a “hold” rating and set a $303.00 target price on the stock. in a research report on Tuesday, May 20th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods reduced their price objective on shares of Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price 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. Finally, Barclays cut their target price on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $307.53.

Chubb Stock Down 1.4%

CB stock opened at $282.76 on Thursday. The firm has a market capitalization of $113.31 billion, a PE ratio of 13.61, a P/E/G ratio of 3.19 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The stock’s 50 day moving average is $287.87 and its 200-day moving average is $281.61.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) 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 firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a dividend of $0.97 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, June 13th. Chubb’s dividend payout ratio (DPR) is 18.67%.

Chubb declared that its Board of Directors has authorized a share repurchase program on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh bought 9,810 shares of the stock in a transaction on Friday, June 6th. The shares were purchased at an average cost of $292.99 per share, for a total transaction of $2,874,231.90. Following the completion of the purchase, the chief operating officer now directly owns 247,538 shares in the company, valued at $72,526,158.62. This represents a 4.13% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.77% of the company’s stock.

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.