United American Securities Inc. d b a UAS Asset Management Buys 5,785 Shares of Chubb Limited $CB

Key Points

• United American Securities Inc. raised its position in Chubb Limited by 14.4% in Q1, making it the 8th largest position in their portfolio, valued at approximately $13.9 million.
• A significant number of hedge funds have recently increased their holdings in Chubb, with GQG Partners LLC raising its position by 112.1% and GAMMA Investing LLC boosting theirs by an astonishing 36,831.3% during the same period.
• Chubb recently announced a quarterly dividend of $0.97 per share, indicating a commitment to returning value to shareholders, alongside a share buyback plan of $5 billion.

United American Securities Inc. d b a UAS Asset Management increased its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 14.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 46,031 shares of the financial services provider's stock after purchasing an additional 5,785 shares during the period. Chubb makes up approximately 3.3% of United American Securities Inc. d b a UAS Asset Management's investment portfolio, making the stock its 8th largest position. United American Securities Inc. d b a UAS Asset Management's holdings in Chubb were worth $13,901,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CB. Brighton Jones LLC boosted its position in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Chubb during the 4th quarter worth approximately $205,000. Bank Pictet & Cie Europe AG purchased a new position in shares of Chubb during the 4th quarter worth approximately $1,320,000. Fullerton Fund Management Co Ltd. boosted its position in shares of Chubb by 5.8% during the 4th quarter. Fullerton Fund Management Co Ltd. now owns 4,947 shares of the financial services provider's stock worth $1,367,000 after purchasing an additional 273 shares during the period. Finally, Focus Partners Wealth boosted its position in shares of Chubb by 72.1% during the 4th quarter. Focus Partners Wealth now owns 29,165 shares of the financial services provider's stock worth $8,127,000 after purchasing an additional 12,219 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction on Tuesday, July 1st. The shares were 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 $26,447,670.80. This trade represents a 5.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Corbat purchased 425 shares of the business'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 purchase, the director directly owned 2,450 shares in the company, valued at $661,010. This represents a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Down 0.2%

Shares of CB traded down $0.42 during midday trading on Tuesday, reaching $277.05. The stock had a trading volume of 1,115,251 shares, compared to its average volume of 1,589,358. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company's fifty day simple moving average is $274.48 and its two-hundred day simple moving average is $283.31. The company has a market cap of $110.46 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 3.13 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

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

Chubb announced that its Board of Directors has approved a stock buyback program 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 programs are often a sign that the company's board of directors believes its shares are undervalued.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis 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%.

Analysts Set New Price Targets

A number of research firms have issued reports on CB. Evercore ISI set a $312.00 target price on shares of Chubb in a report on Wednesday, July 23rd. Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $321.00 to $298.00 in a report on Monday, July 7th. Morgan Stanley reduced their target price on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. HSBC lowered shares of Chubb from a "buy" rating to a "hold" rating and reduced their target price for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Finally, Citigroup began coverage on shares of Chubb in a report on Wednesday, August 13th. They set a "buy" rating and a $326.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $302.00.

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.