Foundation Resource Management Inc. Has $612,000 Holdings in Chubb Limited (NYSE:CB)

Foundation Resource Management Inc. lessened its holdings in shares of Chubb Limited (NYSE:CB) by 4.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,025 shares of the financial services provider’s stock after selling 104 shares during the period. Foundation Resource Management Inc.’s holdings in Chubb were worth $612,000 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 CB. California Public Employees Retirement System boosted its position in Chubb by 1.1% in the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider’s stock valued at $373,110,000 after buying an additional 14,610 shares during the last quarter. Canopy Partners LLC grew its holdings in shares of Chubb by 94.4% in the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider’s stock valued at $1,331,000 after acquiring an additional 2,340 shares in the last quarter. Vista Investment Partners II LLC acquired a new position in Chubb during the fourth quarter worth approximately $2,442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Chubb by 15.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider’s stock worth $760,853,000 after buying an additional 366,559 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Chubb during the fourth quarter worth approximately $1,158,897,000. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John W. Keogh sold 85,083 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the sale, the chief operating officer now directly owns 237,728 shares in the company, valued at $68,998,174.72. This trade represents a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,553 shares of company stock worth $40,387,620 over the last three months. Insiders own 0.77% of the company’s stock.

Chubb Stock Performance

CB opened at $293.95 on Monday. 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 firm has a fifty day moving average price of $287.64 and a 200 day moving average price of $281.68. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The stock has a market cap of $117.79 billion, a P/E ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.54.

Chubb (NYSE:CB) last released its earnings results 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 16.63% and a return on equity of 13.75%. The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its board has approved a share buyback plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a $0.97 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.32%. Chubb’s dividend payout ratio (DPR) is 18.67%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a “buy” rating to a “hold” rating and set a $303.00 price target for the company. in a report on Tuesday, May 20th. Raymond James reissued a “strong-buy” rating on shares of Chubb in a research report on Thursday, April 24th. Jefferies Financial Group lifted their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Barclays reduced their price objective 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. Finally, Wells Fargo & Company boosted their price target on shares of Chubb from $268.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. Two equities 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 assigned a strong buy rating to the company. According to MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and an average price target of $307.53.

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.