Cohen Investment Advisors LLC Acquires 281,234 Shares of Chubb Limited (NYSE:CB)

Cohen Investment Advisors LLC lifted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 2,408.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 292,911 shares of the financial services provider's stock after buying an additional 281,234 shares during the quarter. Chubb comprises about 2.3% of Cohen Investment Advisors LLC's holdings, making the stock its 14th largest position. Cohen Investment Advisors LLC owned 0.07% of Chubb worth $88,456,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Peoples Bank KS acquired a new position in shares of Chubb during the 1st quarter valued at $25,000. Opal Wealth Advisors LLC bought a new position in shares of Chubb during the 1st quarter worth about $25,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb during the 4th quarter worth about $29,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Chubb by 254.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after buying an additional 89 shares during the period. Finally, Cherry Tree Wealth Management LLC increased its position in Chubb by 56.6% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider's stock valued at $36,000 after buying an additional 43 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

NYSE:CB traded up $4.61 during trading on Monday, reaching $289.73. The company's stock had a trading volume of 1,991,865 shares, compared to its average volume of 1,625,864. The firm has a market cap of $116.10 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 3.17 and a beta of 0.54. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91. 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 firm has a 50 day moving average of $287.84 and a 200-day moving average of $281.81.

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

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, June 13th. Chubb's dividend payout ratio (DPR) is currently 18.67%.

Chubb announced that its board has approved a stock buyback plan on Thursday, May 15th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CB. Piper Sandler boosted their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Jefferies Financial Group boosted their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Barclays reduced their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $307.53.

Insider Activity

In other Chubb news, COO John W. Keogh sold 9,794 shares of the business's stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.

Chubb 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.