Chubb Limited (NYSE:CB) Holdings Trimmed by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its position in shares of Chubb Limited (NYSE:CB) by 11.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,182 shares of the financial services provider’s stock after selling 2,755 shares during the period. Sequoia Financial Advisors LLC’s holdings in Chubb were worth $6,397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Security National Bank grew its position in Chubb by 3.9% during the 1st quarter. Security National Bank now owns 8,110 shares of the financial services provider’s stock worth $2,449,000 after purchasing an additional 301 shares in the last quarter. Phillips Wealth Planners LLC boosted its stake in shares of Chubb by 18.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,702 shares of the financial services provider’s stock valued at $482,000 after buying an additional 262 shares during the period. Perigon Wealth Management LLC boosted its stake in shares of Chubb by 4.6% during the 1st quarter. Perigon Wealth Management LLC now owns 8,424 shares of the financial services provider’s stock valued at $2,544,000 after buying an additional 370 shares during the period. Omnia Family Wealth LLC boosted its stake in shares of Chubb by 13.7% during the 1st quarter. Omnia Family Wealth LLC now owns 788 shares of the financial services provider’s stock valued at $239,000 after buying an additional 95 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Chubb during the 1st quarter valued at $92,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CB shares. Barclays decreased their target price on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Morgan Stanley lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a “buy” rating to a “hold” rating and set a $303.00 target price for the company. in a research note on Tuesday, May 20th. HSBC raised shares of 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. Finally, Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $307.53.

Chubb Trading Up 0.5%

Shares of NYSE:CB opened at $285.12 on Friday. The stock has a market capitalization of $114.26 billion, a PE ratio of 13.72, a P/E/G ratio of 3.15 and a beta of 0.54. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The firm has a fifty day moving average price of $287.84 and a 200 day moving average price of $281.73. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its 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. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. Analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently announced 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 is a positive change from Chubb’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.36%. Chubb’s payout ratio is currently 18.67%.

Chubb declared that its board has authorized a share buyback 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 shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO John W. Keogh bought 9,810 shares of the business’s stock in a transaction on Friday, June 6th. The stock was purchased at an average price of $292.99 per share, with a total value of $2,874,231.90. Following the transaction, the chief operating officer now directly owns 247,538 shares in the company, valued at approximately $72,526,158.62. The trade was a 4.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.77% of the company’s stock.

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.