Alpha Family Trust Makes New $326,000 Investment in Chubb Limited $CB

Key Points

• Alpha Family Trust has made a new investment of $326,000 in Chubb Limited by acquiring 1,080 shares during the first quarter of this year.
• Chubb recently reported an EPS of $6.14, exceeding consensus estimates, alongside a revenue of $14.20 billion for the quarter.
• The company announced a quarterly dividend of $0.97 per share, reflecting a 1.4% dividend yield, to be paid on October 3rd.

Alpha Family Trust bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,080 shares of the financial services provider's stock, valued at approximately $326,000.

A number of other institutional investors also recently bought and sold shares of CB. GQG Partners LLC lifted its position in shares of Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Chubb by 36,831.3% in the first quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock valued at $629,357,000 after acquiring an additional 2,078,390 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Chubb in the first quarter valued at $562,221,000. Royal Bank of Canada lifted its position in shares of Chubb by 46.7% in the fourth quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider's stock valued at $1,217,392,000 after acquiring an additional 1,403,545 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Chubb in the fourth quarter valued at $336,972,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CB has been the topic of several recent research reports. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research report on Wednesday, August 13th. Evercore ISI set a $312.00 target price on Chubb in a research report on Wednesday, July 23rd. UBS Group reduced their target price on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Keefe, Bruyette & Woods increased their target price on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Finally, Citigroup assumed coverage on Chubb in a research report on Wednesday, August 13th. They set a "buy" rating and a $326.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $302.31.

Chubb Stock Performance

Shares of NYSE:CB opened at $274.16 on Monday. The firm has a market capitalization of $109.30 billion, a PE ratio of 12.09, a P/E/G ratio of 3.09 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average of $277.86 and a two-hundred day moving average of $282.54. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91.

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

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be issued 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 is Friday, September 12th. Chubb's dividend payout ratio (DPR) is presently 17.12%.

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

Insider Activity at Chubb

In related news, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Corbat bought 425 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 100,390 shares of company stock worth $29,163,135. 0.86% of the stock is currently owned by company insiders.

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.

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