GAMMA Investing LLC Increases Position in Chubb Limited (NYSE:CB)

GAMMA Investing LLC raised its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 22.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,901 shares of the financial services provider's stock after buying an additional 1,258 shares during the period. GAMMA Investing LLC's holdings in Chubb were worth $2,084,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Wealthcare Advisory Partners LLC boosted its position in shares of Chubb by 4.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 6,561 shares of the financial services provider's stock valued at $1,981,000 after buying an additional 265 shares during the period. Olstein Capital Management L.P. purchased a new stake in shares of Chubb in the first quarter valued at approximately $2,718,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Chubb by 18.8% in the first quarter. Bruce G. Allen Investments LLC now owns 847 shares of the financial services provider's stock valued at $256,000 after purchasing an additional 134 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of Chubb by 55.7% in the first quarter. Pallas Capital Advisors LLC now owns 4,855 shares of the financial services provider's stock valued at $1,466,000 after purchasing an additional 1,736 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Chubb by 6.3% in the first quarter. Farther Finance Advisors LLC now owns 4,005 shares of the financial services provider's stock valued at $1,207,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

Shares of CB stock opened at $285.12 on Friday. The business's fifty day simple moving average is $287.84 and its 200-day simple moving average is $281.76. The company has a market cap of $114.26 billion, a PE ratio of 13.72, a PEG ratio of 3.17 and a beta of 0.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91.

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

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

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, June 13th. 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 1.36%. Chubb's payout ratio is 18.67%.

Insider Activity

In other news, COO John W. Keogh sold 9,794 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the sale, the chief operating officer now directly owns 247,538 shares of the company's stock, valued at $72,526,158.62. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CB shares. Keefe, Bruyette & Woods lowered their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group boosted their price objective on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Chubb presently has an average rating of "Moderate Buy" and an average price target of $307.53.

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.

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