2,874 Shares in Chubb Limited $CB Purchased by Ransom Advisory Ltd

Key Points

• Ransom Advisory Ltd has acquired 2,874 shares of Chubb Limited, valued at approximately $868,000, as part of its new position in the company during the 1st quarter.
• Chubb recently reported a net income of $6.14 EPS for the last quarter, exceeding analysts' expectations of $5.84, alongside a revenue of $14.20 billion, marking a 6.3% year-over-year increase.
• The company has initiated a $5 billion stock buyback program and declared a quarterly dividend of $0.97, contributing to its overall strategy to enhance shareholder value.

Ransom Advisory Ltd bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 2,874 shares of the financial services provider's stock, valued at approximately $868,000.

Several other institutional investors and hedge funds have also made changes to their positions in CB. GQG Partners LLC lifted its holdings in Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares in the last quarter. Demars Financial Group LLC increased its position in Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock worth $1,884,004,000 after purchasing an additional 878,177 shares in the last quarter. Ameriprise Financial Inc. grew its position in Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider's stock valued at $1,418,398,000 after acquiring an additional 304,751 shares in the last quarter. Royal Bank of Canada grew its position in shares of Chubb by 46.7% during the fourth quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider's stock worth $1,217,392,000 after buying an additional 1,403,545 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Chubb by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider's stock worth $840,756,000 after purchasing an additional 30,334 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value 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 represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Corbat bought 425 shares of the business's stock in a transaction on Friday, July 25th. The stock was bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director directly owned 2,450 shares of the company's stock, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.77% of the company's stock.

Chubb Price Performance

Chubb stock traded down $4.87 on Friday, reaching $278.02. The company's stock had a trading volume of 2,115,158 shares, compared to its average volume of 1,621,329. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $110.84 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 3.19 and a beta of 0.56. The business's fifty day moving average price is $274.38 and its 200 day moving average price is $283.40. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the previous year, the firm earned $5.38 earnings per share. The business's revenue was up 6.3% on a year-over-year basis. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on CB. Barclays cut 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 note on Monday, July 7th. Hsbc Global Res cut Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Evercore ISI set a $312.00 price target on Chubb in a report on Wednesday, July 23rd. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a report on Wednesday, August 13th. Finally, UBS Group reduced their target price on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Chubb has a consensus rating of "Hold" and an average target price of $302.00.

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.