Focus Partners Advisor Solutions LLC Increases Position in Chubb Limited $CB

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Chubb Limited by 44.8%, acquiring an additional 2,165 shares, bringing their total holdings to 6,998 shares worth approximately $2.1 million.
• Chubb announced a quarterly dividend of $0.97 per share, with an annualized yield of 1.4% and a payout ratio of 17.12%.
• Chubb's stock was recently downgraded by several brokerages, with an average rating of "Hold" and a target price around $302, influenced by changes in earnings forecasts and market evaluations.

Focus Partners Advisor Solutions LLC boosted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 44.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,998 shares of the financial services provider's stock after acquiring an additional 2,165 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Chubb were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new stake in Chubb during the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb in the 1st quarter valued at approximately $25,000. North Capital Inc. acquired a new stake in shares of Chubb in the 1st quarter valued at approximately $26,000. IMA Advisory Services Inc. acquired a new stake in shares of Chubb in the 1st quarter valued at approximately $31,000. Finally, WPG Advisers LLC acquired a new stake in shares of Chubb in the 1st quarter valued at approximately $33,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CB. Evercore ISI set a $312.00 price target on Chubb in a report on Wednesday, July 23rd. HSBC cut Chubb from a "buy" rating to a "hold" rating and reduced their price target for the company from $317.00 to $300.00 in a report on Friday, August 1st. Citigroup initiated coverage on Chubb in a research note on Wednesday, August 13th. They issued a "buy" rating and a $326.00 price objective for the company. Wells Fargo & Company dropped their price objective on Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. Finally, Cantor Fitzgerald raised Chubb to a "hold" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $302.00.

Insiders Place Their Bets

In related news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction on Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following 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 position. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by company insiders.

Chubb Trading Down 0.9%

Chubb stock traded down $2.56 during midday trading on Friday, reaching $277.32. The stock had a trading volume of 2,523,189 shares, compared to its average volume of 1,507,873. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The stock has a market capitalization of $110.56 billion, a PE ratio of 12.23, a price-to-earnings-growth 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. The stock's 50-day simple moving average is $274.97 and its 200 day simple moving average is $283.17.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be issued a $0.97 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. Chubb's dividend payout ratio (DPR) is presently 17.12%.

Chubb declared that its Board of Directors has approved a share buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is 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.