Clear Creek Financial Management LLC Acquires New Holdings in Chubb Limited (NYSE:CB)

Clear Creek Financial Management LLC bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 917 shares of the financial services provider's stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its holdings in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new stake in Chubb in the 4th quarter valued at about $205,000. Bank Pictet & Cie Europe AG bought a new stake in Chubb in the 4th quarter valued at about $1,320,000. Jones Financial Companies Lllp boosted its holdings in Chubb by 73.2% in the 4th quarter. Jones Financial Companies Lllp now owns 7,753 shares of the financial services provider's stock valued at $2,142,000 after purchasing an additional 3,276 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Chubb in the 4th quarter valued at about $133,000. Institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CB shares. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Raymond James Financial restated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Barclays downgraded shares of Chubb from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $321.00 to $298.00 in a research note on Monday. Piper Sandler increased their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective for the company. in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Chubb presently has a consensus rating of "Moderate Buy" and an average price target of $306.00.

Insider Activity

In other Chubb news, COO John W. Keogh sold 9,794 shares of Chubb stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $292.99, for a total value of $2,869,544.06. Following the sale, the chief operating officer owned 247,538 shares of the company's stock, valued at approximately $72,526,158.62. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 100,390 shares of company stock worth $29,163,135. Insiders own 0.86% of the company's stock.

Chubb Stock Down 1.4%

Shares of Chubb stock traded down $3.96 during trading hours on Monday, reaching $279.84. The company's stock had a trading volume of 1,427,424 shares, compared to its average volume of 1,638,242. 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 stock's fifty day simple moving average is $287.91 and its two-hundred day simple moving average is $282.20. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The company has a market capitalization of $112.14 billion, a P/E ratio of 13.47, a P/E/G ratio of 3.16 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. On average, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were given a $0.97 dividend. This is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.39%. Chubb's payout ratio is currently 18.67%.

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

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.