Apollon Wealth Management LLC Has $6.42 Million Stock Holdings in Chubb Limited (NYSE:CB)

Apollon Wealth Management LLC lifted its position in Chubb Limited (NYSE:CB - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,244 shares of the financial services provider's stock after buying an additional 997 shares during the quarter. Apollon Wealth Management LLC's holdings in Chubb were worth $6,415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Chubb by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after buying an additional 271,648 shares during the last quarter. FMR LLC lifted its holdings in shares of Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after buying an additional 91,892 shares during the period. Capital World Investors lifted its holdings in shares of Chubb by 1.9% in the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock valued at $3,172,194,000 after buying an additional 212,889 shares during the period. Capital Research Global Investors lifted its holdings in shares of Chubb by 1.5% in the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock valued at $2,457,402,000 after buying an additional 131,075 shares during the period. Finally, Demars Financial Group LLC lifted its holdings in shares of Chubb by 16.4% in the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock valued at $1,884,004,000 after buying an additional 878,177 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Down 0.6%

Shares of NYSE CB traded down $1.58 during midday trading on Friday, reaching $273.89. 1,454,081 shares of the company's stock were exchanged, compared to its average volume of 1,648,627. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The stock has a market capitalization of $109.75 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 3.09 and a beta of 0.53. 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 business's fifty day moving average price is $286.47 and its two-hundred day moving average price is $282.21.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

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

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 13th. Chubb's payout ratio is presently 18.67%.

Insider Activity

In related news, COO John W. Keogh sold 9,794 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $292.99, for a total value of $2,869,544.06. Following the completion of the sale, the chief operating officer directly owned 247,538 shares of the company's stock, valued at $72,526,158.62. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares of the company's stock, valued at $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,390 shares of company stock valued at $29,163,135. 0.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on CB shares. UBS Group raised their price target on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Barclays downgraded Chubb from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. Deutsche Bank Aktiengesellschaft downgraded Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target for the company. in a research report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods raised their price objective on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $307.13.

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.