Commerzbank Aktiengesellschaft FI Grows Holdings in Chubb Limited (NYSE:CB)

Commerzbank Aktiengesellschaft FI boosted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 81.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,688 shares of the financial services provider's stock after purchasing an additional 5,254 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Chubb were worth $3,530,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sunflower Bank N.A. grew its stake in Chubb by 4.4% in the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock worth $273,000 after acquiring an additional 38 shares in the last quarter. Avantax Planning Partners Inc. grew its stake in Chubb by 5.1% in the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock worth $236,000 after acquiring an additional 38 shares in the last quarter. Tandem Wealth Advisors LLC grew its stake in Chubb by 3.0% in the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock worth $382,000 after acquiring an additional 40 shares in the last quarter. Unison Advisors LLC grew its stake in Chubb by 0.3% in the 4th quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock worth $3,742,000 after acquiring an additional 41 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its stake in Chubb by 5.6% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 798 shares of the financial services provider's stock worth $227,000 after acquiring an additional 42 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

CB stock traded down $2.26 during midday trading on Thursday, hitting $275.34. 2,771,686 shares of the stock traded hands, compared to its average volume of 1,649,097. The firm has a market cap of $110.34 billion, a P/E ratio of 13.25, a PEG ratio of 3.09 and a beta of 0.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock's fifty day simple moving average is $286.74 and its 200-day simple moving average is $282.22. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating 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. On average, analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its Board of Directors has approved a share repurchase program on Thursday, May 15th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders 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 of this dividend was Friday, June 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.41%. Chubb's dividend payout ratio (DPR) is 18.67%.

Insider Activity

In other news, insider John J. Lupica sold 5,513 shares of the firm'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 transaction, the insider directly owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO John W. Keogh sold 9,794 shares of the firm's 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 completion of the transaction, the chief operating officer directly owned 247,538 shares in the company, valued at approximately $72,526,158.62. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,390 shares of company stock worth $29,163,135. Company insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of 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 upped their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Wells Fargo & Company increased their target price on shares of Chubb from $278.00 to $285.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, Piper Sandler increased their target price on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $307.13.

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.