Wealth & Pension Services Group Inc. reduced its stake in shares of Chubb Ltd (NYSE:CB) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,219 shares of the financial services provider’s stock after selling 209 shares during the period. Wealth & Pension Services Group Inc.’s holdings in Chubb were worth $311,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc increased its position in shares of Chubb by 1.1% in the third quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock worth $4,982,160,000 after acquiring an additional 417,887 shares in the last quarter. BKD Wealth Advisors LLC grew its position in Chubb by 0.5% during the fourth quarter. BKD Wealth Advisors LLC now owns 17,982 shares of the financial services provider’s stock valued at $2,323,000 after purchasing an additional 94 shares in the last quarter. NuWave Investment Management LLC purchased a new position in Chubb during the fourth quarter valued at approximately $162,000. Kanawha Capital Management LLC grew its position in Chubb by 1.0% during the fourth quarter. Kanawha Capital Management LLC now owns 40,739 shares of the financial services provider’s stock valued at $5,263,000 after purchasing an additional 387 shares in the last quarter. Finally, Monarch Capital Management Inc. grew its position in Chubb by 7.2% during the fourth quarter. Monarch Capital Management Inc. now owns 7,430 shares of the financial services provider’s stock valued at $960,000 after purchasing an additional 500 shares in the last quarter. 88.50% of the stock is owned by institutional investors.

In other news, insider Paul J. Krump sold 3,450 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $145.00, for a total value of $500,250.00. Following the sale, the insider now owns 139,160 shares of the company’s stock, valued at approximately $20,178,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John J. Lupica sold 17,879 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $134.95, for a total transaction of $2,412,771.05. Following the completion of the sale, the insider now directly owns 192,265 shares in the company, valued at approximately $25,946,161.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,329 shares of company stock valued at $3,196,761. Corporate insiders own 0.47% of the company’s stock.

Shares of Chubb stock traded down $1.79 on Thursday, reaching $146.23. The stock had a trading volume of 22,309 shares, compared to its average volume of 1,313,774. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. Chubb Ltd has a fifty-two week low of $119.54 and a fifty-two week high of $148.39. The stock has a market capitalization of $66.95 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.39 and a beta of 0.82.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 30th. The financial services provider reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.05. The firm had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.55 billion. Chubb had a net margin of 11.55% and a return on equity of 8.76%. During the same period in the prior year, the company earned $2.34 EPS. As a group, research analysts predict that Chubb Ltd will post 10.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 21st will be paid a dividend of $0.75 per share. This is a boost from Chubb’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, June 20th. Chubb’s dividend payout ratio is presently 30.93%.

A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a research report on Wednesday. UBS Group downgraded shares of Chubb from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $146.00 to $154.00 in a research report on Thursday. Barclays boosted their price objective on shares of Chubb from $160.00 to $167.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Co reaffirmed a “buy” rating and set a $157.00 price objective on shares of Chubb in a research report on Tuesday, April 30th. Finally, Sandler O’Neill downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Chubb presently has a consensus rating of “Hold” and a consensus target price of $151.00.

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About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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