Integrity Alliance LLC. Buys 3,734 Shares of Chubb Limited $CB

Key Points

• Integrity Alliance LLC increased its holdings in Chubb Limited by 65.4% in Q1, owning 9,447 shares worth approximately $2.85 million.
• Chubb reported strong quarterly earnings, with an EPS of $6.14, surpassing expectations, and a revenue of $14.20 billion, up 6.3% year-over-year.
• The company's board approved a $5 billion stock buyback plan, indicating a belief that its stock is currently undervalued.

Integrity Alliance LLC. boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 65.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,447 shares of the financial services provider's stock after purchasing an additional 3,734 shares during the quarter. Integrity Alliance LLC.'s holdings in Chubb were worth $2,853,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Peoples Bank KS bought a new position in Chubb during the 1st quarter valued at $25,000. Opal Wealth Advisors LLC bought a new position in Chubb during the 1st quarter valued at $25,000. North Capital Inc. bought a new position in Chubb during the 1st quarter valued at $26,000. IMA Advisory Services Inc. bought a new position in Chubb during the 1st quarter valued at $31,000. Finally, 1248 Management LLC bought a new position in Chubb during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Performance

CB traded down $4.87 during trading hours on Friday, hitting $278.02. The stock had a trading volume of 2,115,158 shares, compared to its average volume of 1,621,329. The company's fifty day simple moving average is $274.38 and its 200 day simple moving average is $283.34. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The stock has a market cap of $110.84 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 3.19 and a beta of 0.56. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

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, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter last year, the firm posted $5.38 EPS. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. Chubb's payout ratio is presently 17.12%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CB shares. Keefe, Bruyette & Woods raised their price objective on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research note on Tuesday, May 20th. UBS Group lowered their target price on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research note on Wednesday, August 13th. Finally, Hsbc Global Res cut Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has assigned 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.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of Chubb 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 completion of the transaction, the insider owned 91,180 shares of the company's stock, valued at $26,447,670.80. The trade was a 5.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Corbat bought 425 shares of Chubb stock in a transaction on Friday, July 25th. The shares were bought at an average cost of $269.80 per share, with a total value of $114,665.00. Following the acquisition, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.77% of the stock is owned by 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.