Chubb Limited (NYSE:CB) Shares Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. increased its holdings in Chubb Limited (NYSE:CB) by 1.4% during the first quarter, HoldingsChannel.com reports. The fund owned 13,512 shares of the financial services provider’s stock after buying an additional 190 shares during the period. First Trust Direct Indexing L.P.’s holdings in Chubb were worth $3,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CB. Ancora Advisors LLC grew its stake in shares of Chubb by 51.2% in the 3rd quarter. Ancora Advisors LLC now owns 771 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 261 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in Chubb during the 3rd quarter worth $412,000. Alps Advisors Inc. lifted its stake in shares of Chubb by 20.3% in the 3rd quarter. Alps Advisors Inc. now owns 22,222 shares of the financial services provider’s stock worth $4,626,000 after acquiring an additional 3,748 shares during the period. Legacy Advisors LLC lifted its stake in shares of Chubb by 13.0% in the 3rd quarter. Legacy Advisors LLC now owns 1,657 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 190 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of Chubb by 2.2% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 33,694 shares of the financial services provider’s stock valued at $7,035,000 after acquiring an additional 725 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut their target price on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a research note on Tuesday, May 7th. HSBC reiterated a “hold” rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $285.00 price target on shares of Chubb in a report on Friday, June 28th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $280.00 target price on shares of Chubb in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $266.70.

Chubb Trading Down 0.6 %

NYSE:CB traded down $1.49 on Thursday, reaching $254.08. The stock had a trading volume of 735,112 shares, compared to its average volume of 1,347,699. Chubb Limited has a 12-month low of $186.52 and a 12-month high of $275.41. The company has a market cap of $103.17 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 6.17 and a beta of 0.66. The firm’s fifty day moving average is $259.69 and its two-hundred day moving average is $249.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the previous year, the firm posted $4.41 EPS. Chubb’s revenue was up 14.1% on a year-over-year basis. Equities analysts expect that Chubb Limited will post 21.03 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio is currently 16.16%.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the transaction, the chief accounting officer now directly owns 7,718 shares in the company, valued at approximately $2,036,085.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the transaction, the chief accounting officer now directly owns 7,718 shares in the company, valued at approximately $2,036,085.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the sale, the director now directly owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Insiders have sold a total of 47,552 shares of company stock worth $12,149,985 in the last three months. Company insiders own 0.86% of the company’s stock.

About Chubb

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.