First National Advisers LLC Increases Stake in Chubb Limited (NYSE:CB)

Key Points

• First National Advisers LLC increased its stake in Chubb Limited by 11.5% during the first quarter, now owning 14,189 shares valued at approximately $4.29 million.
• Chubb reported $6.14 earnings per share for the last quarter, surpassing analysts' expectations of $5.84, with a revenue of $14.20 billion, up 6.3% year-over-year.
• The company announced a dividend increase to $0.97 per share and initiated a $5.00 billion stock buyback program, indicating confidence in its valuation.

First National Advisers LLC raised its position in shares of Chubb Limited (NYSE:CB - Free Report) by 11.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,189 shares of the financial services provider's stock after acquiring an additional 1,468 shares during the quarter. First National Advisers LLC's holdings in Chubb were worth $4,285,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Demars Financial Group LLC raised its holdings in shares of Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock worth $1,481,094,000 after acquiring an additional 5,340,499 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Chubb by 36,831.3% during the 1st quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock worth $629,357,000 after purchasing an additional 2,078,390 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Chubb by 46.7% during the 4th quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider's stock worth $1,217,392,000 after purchasing an additional 1,403,545 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Chubb during the 4th quarter worth approximately $336,972,000. Finally, Beutel Goodman & Co Ltd. boosted its holdings in Chubb by 1,007,698.0% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider's stock worth $278,454,000 after buying an additional 1,007,698 shares during the period. Institutional investors own 83.81% of the company's stock.

Insider Buying and Selling

In related news, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were 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 in the company, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Corbat bought 425 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director owned 2,450 shares of the company's stock, valued at $661,010. The trade was a 20.99% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 100,390 shares of company stock worth $29,163,135. 0.86% of the stock is owned by insiders.

Chubb Stock Performance

CB stock traded down $3.28 during midday trading on Monday, reaching $265.87. 2,541,489 shares of the company's stock traded hands, compared to its average volume of 1,991,524. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The stock has a market cap of $106.54 billion, a P/E ratio of 11.73, a PEG ratio of 3.07 and a beta of 0.53. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock's 50-day moving average is $283.97 and its 200 day moving average is $282.52.

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

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

Chubb Increases Dividend

The company also recently declared 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. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, June 13th. Chubb's dividend payout ratio is presently 17.12%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. 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 report on Tuesday, May 20th. UBS Group decreased their target price on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a research report on Monday. Piper Sandler restated a "neutral" rating and issued a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research report on Thursday. Evercore ISI set a $312.00 target price on shares of Chubb in a research note on Wednesday, July 23rd. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $303.14.

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.