Liberty Square Wealth Partners LLC Buys New Position in Chubb Limited (NYSE:CB)

Liberty Square Wealth Partners LLC bought a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,019 shares of the financial services provider's stock, valued at approximately $534,000.

A number of other institutional investors also recently modified their holdings of CB. Barclays PLC raised its holdings in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after buying an additional 388,746 shares during the last quarter. Mutual Advisors LLC raised its holdings in Chubb by 25.5% during the fourth quarter. Mutual Advisors LLC now owns 2,071 shares of the financial services provider's stock worth $567,000 after buying an additional 421 shares during the last quarter. Avior Wealth Management LLC raised its holdings in Chubb by 2.3% during the fourth quarter. Avior Wealth Management LLC now owns 4,412 shares of the financial services provider's stock worth $1,219,000 after buying an additional 98 shares during the last quarter. Brighton Jones LLC raised its holdings in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after buying an additional 221 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in Chubb by 4.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,188 shares of the financial services provider's stock worth $1,157,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Performance

CB traded up $4.94 during trading on Thursday, hitting $293.94. 1,749,013 shares of the company traded hands, compared to its average volume of 1,612,190. The firm has a market cap of $117.79 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The stock's fifty day moving average is $287.88 and its 200 day moving average is $281.23. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a one year low of $251.42 and a one year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly 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. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb declared that its board has approved a share repurchase plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are 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 dividend of $0.97 per share. The ex-dividend date is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.32%. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is presently 18.67%.

Insider Activity at Chubb

In other news, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John W. Keogh sold 85,083 shares of the firm'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 transaction of $24,694,489.92. Following the completion of the transaction, the chief operating officer now owns 237,728 shares of the company's stock, valued at $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,553 shares of company stock worth $43,257,220. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on CB. Raymond James restated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Piper Sandler upped their price objective on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods reduced their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price for the company. in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group upped their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $307.53.

About Chubb

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.