Caliber Wealth Management LLC KS Takes Position in Chubb Limited (NYSE:CB)

Key Points

• Caliber Wealth Management LLC KS has invested approximately $3.51 million in Chubb Limited, acquiring 11,636 shares during the first quarter.
• Chubb recently reported strong quarterly earnings with a net revenue of $14.20 billion, exceeding analyst expectations and a year-over-year revenue growth of 6.3%.
• The company has initiated a $5.00 billion stock buyback plan and increased its quarterly dividend to $0.97, representing a 1.43% yield.

Caliber Wealth Management LLC KS purchased a new stake in Chubb Limited (NYSE:CB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,636 shares of the financial services provider's stock, valued at approximately $3,514,000.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its position in shares of Chubb by 0.6% during the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock worth $4,329,173,000 after buying an additional 91,892 shares during the period. Capital World Investors boosted its holdings in Chubb by 1.9% in the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock valued at $3,172,194,000 after purchasing an additional 212,889 shares during the period. Capital Research Global Investors boosted its holdings in Chubb by 1.5% in the fourth 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 purchasing an additional 131,075 shares during the period. Demars Financial Group LLC boosted its holdings in Chubb by 16.4% in the first 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 purchasing an additional 878,177 shares during the period. Finally, Royal Bank of Canada boosted its holdings in 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 purchasing an additional 1,403,545 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction dated 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 completion of 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John W. Keogh sold 9,794 shares of the stock in a transaction dated 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 transaction, the chief operating officer directly owned 247,538 shares in the company, valued at $72,526,158.62. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,390 shares of company stock valued at $29,163,135. 0.77% of the stock is owned by insiders.

Chubb Stock Performance

CB traded down $0.90 during trading on Friday, reaching $269.28. The company's stock had a trading volume of 2,979,052 shares, compared to its average volume of 2,031,676. The company's fifty day moving average price is $284.54 and its 200-day moving average price is $282.35. The company has a market capitalization of $107.91 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 3.07 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 0.34. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91.

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

Chubb announced that its Board of Directors has approved a stock repurchase plan 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 reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Friday, June 13th. Chubb's dividend payout ratio is currently 17.12%.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Barclays downgraded Chubb from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $321.00 to $298.00 in a 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 report on Tuesday, May 20th. Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lifted 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of "Moderate Buy" and an average target price of $302.64.

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.