1,123 Shares in Chubb Limited (NYSE:CB) Acquired by Stone House Investment Management LLC

Key Points

• Stone House Investment Management LLC acquired 1,123 shares of Chubb Limited in the first quarter, valued at approximately $339,000.
• Chubb raised its quarterly dividend from $0.91 to $0.97, representing an annualized yield of 1.4%.
• Analysts have mixed ratings on Chubb, with a consensus rating of "Hold" and a price target of $301.50 following various adjustments by different research firms.

Stone House Investment Management LLC purchased a new stake in Chubb Limited (NYSE:CB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,123 shares of the financial services provider's stock, valued at approximately $339,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peoples Bank KS bought a new stake in shares of Chubb in the 1st quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new position in Chubb in the first quarter worth approximately $25,000. North Capital Inc. bought a new position in Chubb in the first quarter worth approximately $26,000. IMA Advisory Services Inc. bought a new position in Chubb in the first quarter worth approximately $31,000. Finally, Cherry Tree Wealth Management LLC boosted its holdings in Chubb by 56.6% in the first quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider's stock worth $36,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Price Performance

CB stock traded down $1.58 during mid-day trading on Friday, hitting $274.16. 1,504,394 shares of the stock were exchanged, compared to its average volume of 1,787,605. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The business has a fifty day moving average price of $278.26 and a 200 day moving average price of $282.43. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The stock has a market capitalization of $109.30 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 3.11 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the previous year, the company posted $5.38 EPS. Chubb's revenue for the quarter was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb's dividend payout ratio is 17.12%.

Chubb announced that its board has authorized a stock repurchase program on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CB. Morgan Stanley increased their price objective on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods increased their price target on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Wells Fargo & Company decreased their target price on Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. Evercore ISI set a $312.00 target price on Chubb in a research report on Wednesday, July 23rd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $302.31.

Insiders Place Their Bets

In other news, Director Michael Corbat bought 425 shares of Chubb stock in a transaction on Friday, July 25th. The shares were purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the transaction, the chief operating officer owned 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. In the last quarter, insiders have sold 100,390 shares of company stock worth $29,163,135. 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.