Advisor Resource Council Takes Position in Chubb Limited (NYSE:CB)

Advisor Resource Council purchased a new stake in Chubb Limited (NYSE:CB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,171 shares of the financial services provider's stock, valued at approximately $346,000.

A number of other large investors also recently modified their holdings of the company. Segment Wealth Management LLC lifted its stake in shares of Chubb by 191.3% in the 1st quarter. Segment Wealth Management LLC now owns 2,747 shares of the financial services provider's stock valued at $830,000 after acquiring an additional 1,804 shares during the last quarter. Compass Ion Advisors LLC bought a new position in shares of Chubb in the 1st quarter valued at $213,000. Brady Family Wealth LLC lifted its stake in shares of Chubb by 1.3% in the 1st quarter. Brady Family Wealth LLC now owns 22,173 shares of the financial services provider's stock valued at $6,696,000 after acquiring an additional 279 shares during the last quarter. Proathlete Wealth Management LLC bought a new position in shares of Chubb in the 1st quarter valued at $120,000. Finally, Good Steward Wealth Advisors LLC bought a new position in shares of Chubb in the 1st quarter valued at $346,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Up 0.5%

NYSE:CB opened at $283.61 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $113.65 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 3.16 and a beta of 0.54. Chubb Limited has a 52 week low of $251.42 and a 52 week high of $306.91. The firm has a 50-day moving average price of $287.89 and a two-hundred day moving average price of $281.53.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. On average, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb announced that its Board of Directors has initiated a stock buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.37%. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is presently 18.67%.

Insider Transactions at Chubb

In related news, COO John W. Keogh purchased 9,810 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was bought at an average price of $292.99 per share, for a total transaction of $2,874,231.90. Following the purchase, the chief operating officer now directly owns 247,538 shares in the company, valued at approximately $72,526,158.62. This trade represents a 4.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Piper Sandler increased their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Jefferies Financial Group increased their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Raymond James Financial restated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Finally, Barclays decreased their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Two equities 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $307.53.

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.

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