13,128 Shares in Chubb Limited (NYSE:CB) Acquired by Liberty Wealth Management LLC

Key Points

• Liberty Wealth Management LLC acquired 13,128 shares of Chubb Limited for approximately $43,000 in the first quarter, indicating ongoing interest from institutional investors.
• Chubb recently declared a quarterly dividend of $0.97 per share, an increase from the previous dividend of $0.91, along with a $5 billion share buyback plan to repurchase up to 4.3% of its stock.
• Wall Street analysts have mixed opinions on Chubb, with a consensus rating of "Hold" and an average target price of $301.50, following recent price adjustments from various brokerages.

Liberty Wealth Management LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,128 shares of the financial services provider's stock, valued at approximately $43,000.

Other hedge funds also recently made changes to their positions in the company. Canopy Partners LLC increased its stake in Chubb by 94.4% during the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock worth $1,331,000 after buying an additional 2,340 shares during the period. Legato Capital Management LLC increased its position in shares of Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider's stock worth $3,080,000 after acquiring an additional 5,582 shares during the last quarter. Davis Rea LTD. acquired a new position in shares of Chubb in the first quarter worth about $5,117,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Chubb by 15.4% in 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 valued at $760,853,000 after purchasing an additional 366,559 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Chubb by 3.3% during the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock valued at $13,070,000 after purchasing an additional 1,375 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 brokerages have issued reports on CB. Barclays lowered Chubb from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $321.00 to $298.00 in a research report on Monday, July 7th. Hsbc Global Res cut shares of Chubb from a "strong-buy" rating to a "hold" rating in a report on Friday. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Jefferies Financial Group boosted their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Morgan Stanley increased their price target on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Chubb has a consensus rating of "Hold" and an average target price of $301.50.

Insider Activity

In related news, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the transaction, the chief operating officer directly owned 237,728 shares of the company's stock, valued at $68,998,174.72. The trade was a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,390 shares of company stock valued at $29,163,135. Company insiders own 0.86% of the company's stock.

Chubb Stock Up 0.1%

Shares of Chubb stock opened at $267.70 on Tuesday. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The stock has a market capitalization of $106.73 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 3.03 and a beta of 0.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The business's 50 day simple moving average is $281.86 and its 200-day simple moving average is $282.50.

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

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, June 13th. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb's dividend payout ratio (DPR) is currently 17.12%.

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

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.

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