Chubb Limited (NYSE:CB) Shares Acquired by Thomasville National Bank

Thomasville National Bank grew its position in Chubb Limited (NYSE:CB) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,056 shares of the financial services provider’s stock after buying an additional 390 shares during the quarter. Thomasville National Bank’s holdings in Chubb were worth $4,547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. McElhenny Sheffield Capital Management LLC purchased a new position in Chubb in the first quarter valued at $566,000. Net Worth Advisory Group boosted its holdings in Chubb by 27.2% in the first quarter. Net Worth Advisory Group now owns 3,070 shares of the financial services provider’s stock valued at $927,000 after purchasing an additional 656 shares during the period. apricus wealth LLC boosted its holdings in Chubb by 1.0% in the first quarter. apricus wealth LLC now owns 10,444 shares of the financial services provider’s stock valued at $3,154,000 after purchasing an additional 100 shares during the period. Greenwood Capital Associates LLC boosted its holdings in Chubb by 9.8% in the first quarter. Greenwood Capital Associates LLC now owns 12,910 shares of the financial services provider’s stock valued at $3,899,000 after purchasing an additional 1,149 shares during the period. Finally, Simon Quick Advisors LLC boosted its holdings in Chubb by 28.8% in the first quarter. Simon Quick Advisors LLC now owns 2,243 shares of the financial services provider’s stock valued at $677,000 after purchasing an additional 502 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Up 1.2%

Chubb stock opened at $289.10 on Friday. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $115.85 billion, a P/E ratio of 12.72, a PEG ratio of 3.36 and a beta of 0.54. The stock has a 50-day simple moving average of $287.47 and a 200-day simple moving average of $281.79.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its board has initiated a stock buyback program on Thursday, May 15th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb’s previous quarterly dividend of $0.91. Chubb’s payout ratio is 18.67%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the sale, the executive vice president now directly owns 78,422 shares of the company’s stock, valued at $23,120,374.04. This represents a 13.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John W. Keogh sold 85,083 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the sale, the chief operating officer now directly owns 237,728 shares of the company’s stock, valued at approximately $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,856 shares of company stock valued at $35,537,155 in the last ninety days. Insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Raymond James reaffirmed a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. Wells Fargo & Company lifted their price target on Chubb from $268.00 to $278.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th. Jefferies Financial Group lifted their price target on Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods decreased their price target on Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and an average price target of $307.53.

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.