Chubb Limited (NYSE:CB) Stock Position Lifted by Berger Financial Group Inc

Key Points

• Berger Financial Group Inc increased its holdings in Chubb Limited by 5.5%, owning 21,571 shares valued at approximately $6.5 million at the end of the quarter.
• Chubb reported a strong quarterly performance with $6.14 EPS, exceeding analysts' expectations of $5.84, and a revenue of $14.2 billion for the quarter.
• The firm declared a quarterly dividend of $0.97 per share, reflecting an annualized yield of 1.4%, marking a positive increase from its previous dividend of $0.91.

Berger Financial Group Inc raised its stake in Chubb Limited (NYSE:CB - Free Report) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,571 shares of the financial services provider's stock after buying an additional 1,118 shares during the period. Berger Financial Group Inc's holdings in Chubb were worth $6,514,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Sunflower Bank N.A. boosted its stake in Chubb by 4.4% during the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock worth $273,000 after purchasing an additional 38 shares during the last quarter. Avantax Planning Partners Inc. boosted its stake in Chubb by 5.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock worth $236,000 after purchasing an additional 38 shares during the last quarter. Tandem Wealth Advisors LLC boosted its stake in Chubb by 3.0% during the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock worth $382,000 after purchasing an additional 40 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in Chubb by 0.5% during the 1st quarter. HighPoint Advisor Group LLC now owns 8,857 shares of the financial services provider's stock worth $2,524,000 after purchasing an additional 40 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. raised its holdings in shares of Chubb by 5.6% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 798 shares of the financial services provider's stock worth $227,000 after acquiring an additional 42 shares during the period. Institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have 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. Wells Fargo & Company reduced their price objective on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $321.00 to $298.00 in a report on Monday, July 7th. Evercore ISI set a $312.00 price target on shares of Chubb in a research note on Wednesday, July 23rd. Finally, UBS Group cut their price target on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $301.50.

Chubb Price Performance

Chubb stock traded down $0.12 during midday trading on Monday, reaching $271.12. 1,276,299 shares of the company were exchanged, compared to its average volume of 2,176,768. The company has a market capitalization of $108.09 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 3.07 and a beta of 0.53. The firm's 50-day simple moving average is $279.44 and its 200-day simple moving average is $282.57. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business earned $5.38 EPS. On average, analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is presently 17.12%.

Chubb declared that its Board of Directors has approved a share 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 repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Activity

In other Chubb news, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction that occurred on 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 directly owned 91,180 shares of the company's stock, valued at $26,447,670.80. This represents a 5.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John W. Keogh sold 85,083 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the transaction, the chief operating officer directly owned 237,728 shares in the company, valued at approximately $68,998,174.72. The trade was a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,390 shares of company stock valued at $29,163,135 in the last three months. Corporate insiders own 0.86% of the company's stock.

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.