Financial Strategies Group Inc. Purchases 1,854 Shares of Chubb Limited $CB

Key Points

• Financial Strategies Group Inc. increased its stake in Chubb Limited by 7.6%, now holding 26,136 shares valued at approximately $7.44 million, making it the 16th largest position in their portfolio.
• Chubb's board approved a stock repurchase plan allowing for the buyback of $5 billion in shares, a sign that the board believes the stock is undervalued.
• Chubb reported strong earnings for the last quarter, with a net margin of 16.08% and earnings per share (EPS) of $6.14, exceeding analysts' expectations.

Financial Strategies Group Inc. grew its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 7.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,136 shares of the financial services provider's stock after purchasing an additional 1,854 shares during the quarter. Chubb comprises approximately 1.7% of Financial Strategies Group Inc.'s portfolio, making the stock its 16th biggest holding. Financial Strategies Group Inc.'s holdings in Chubb were worth $7,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. Peoples Bank KS bought a new position in Chubb during the first quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Chubb in the first quarter worth about $25,000. North Capital Inc. purchased a new stake in shares of Chubb in the first quarter worth about $26,000. IMA Advisory Services Inc. purchased a new stake in shares of Chubb in the first quarter worth about $31,000. Finally, 1248 Management LLC purchased a new stake in shares of Chubb in the first quarter worth about $31,000. Institutional investors own 83.81% of the company's stock.

Chubb Trading Down 0.2%

CB stock traded down $0.42 on Tuesday, reaching $277.05. The company's stock had a trading volume of 1,115,251 shares, compared to its average volume of 1,589,358. The business has a fifty day simple moving average of $274.48 and a two-hundred day simple moving average of $283.31. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The firm has a market cap of $110.46 billion, a PE 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 quick ratio of 0.28 and a current ratio of 0.28.

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

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb's dividend payout ratio (DPR) is currently 17.12%.

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 a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CB. Morgan Stanley lowered their price target 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 downgraded shares of Chubb from a "buy" rating to a "hold" rating and lowered their price target for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Barclays downgraded shares of Chubb from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $321.00 to $298.00 in a report on Monday, July 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $302.00.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat acquired 425 shares of the stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director owned 2,450 shares of the company's stock, valued at $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction on 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 $26,447,670.80. This represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

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.