Priebe Wealth Holdings LLC Makes New $274,000 Investment in Chubb Limited (NYSE:CB)

Priebe Wealth Holdings LLC acquired a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 906 shares of the financial services provider's stock, valued at approximately $274,000.

Several other large investors have also bought and sold shares of the stock. GoodHaven Capital Management LLC boosted its holdings in Chubb by 23.2% during the first quarter. GoodHaven Capital Management LLC now owns 42,955 shares of the financial services provider's stock worth $12,972,000 after purchasing an additional 8,090 shares during the last quarter. Abacus Planning Group Inc. lifted its position in shares of Chubb by 22.4% during the 1st quarter. Abacus Planning Group Inc. now owns 1,723 shares of the financial services provider's stock worth $520,000 after buying an additional 315 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Chubb by 7.2% in the 1st quarter. Capital Investment Advisors LLC now owns 4,111 shares of the financial services provider's stock worth $1,242,000 after buying an additional 277 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Chubb by 14.7% in the 1st quarter. Park Avenue Securities LLC now owns 23,905 shares of the financial services provider's stock worth $7,219,000 after buying an additional 3,061 shares during the last quarter. Finally, OLD National Bancorp IN grew its holdings in shares of Chubb by 4.3% in the first quarter. OLD National Bancorp IN now owns 4,213 shares of the financial services provider's stock valued at $1,272,000 after acquiring an additional 172 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CB shares. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a report on Tuesday, May 20th. Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Jefferies Financial Group boosted their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Piper Sandler raised 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. Finally, Morgan Stanley lifted their price objective 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $307.53.

Insiders Place Their Bets

In related news, CAO George F. Ohsiek sold 763 shares of the company'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 transaction of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO John W. Keogh sold 9,794 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the completion of the sale, the chief operating officer now owns 247,538 shares in the company, valued at $72,526,158.62. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 122,619 shares of company stock worth $35,758,738 over the last 90 days. Corporate insiders own 0.77% of the company's stock.

Chubb Stock Performance

NYSE CB traded up $3.49 during trading on Thursday, hitting $289.10. 1,253,131 shares of the company's stock traded hands, compared to its average volume of 1,615,987. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a market capitalization of $115.85 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.36 and a beta of 0.54. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The business has a 50 day moving average of $287.17 and a 200-day moving average of $281.77.

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 (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for 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 research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a dividend of $0.97 per share. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.34%. Chubb's payout ratio is presently 18.67%.

Chubb declared that its board has authorized a stock repurchase program on Thursday, May 15th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Chubb 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.