Geneos Wealth Management Inc. Boosts Stock Position in Chubb Limited (NYSE:CB)

Geneos Wealth Management Inc. raised its position in shares of Chubb Limited (NYSE:CB - Free Report) by 87.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,638 shares of the financial services provider's stock after purchasing an additional 9,154 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Chubb were worth $6,289,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Canopy Partners LLC lifted its holdings in shares of Chubb by 94.4% in the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock valued at $1,331,000 after buying an additional 2,340 shares during the period. Legato Capital Management LLC lifted its holdings in shares of Chubb by 120.9% in the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider's stock valued at $3,080,000 after buying an additional 5,582 shares during the period. Davis Rea LTD. acquired a new position in shares of Chubb in the 1st quarter valued at about $5,117,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Chubb by 15.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider's stock valued at $760,853,000 after buying an additional 366,559 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Chubb by 3.3% in the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock valued at $13,070,000 after buying an additional 1,375 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat bought 425 shares of Chubb 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 acquisition, the director directly owned 2,450 shares of the company's stock, valued at $661,010. The trade was a 20.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO John W. Keogh sold 85,083 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the transaction, the chief operating officer directly owned 237,728 shares of the company's stock, valued at $68,998,174.72. The trade was a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,390 shares of company stock valued at $29,163,135 over the last quarter. 0.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CB shares. UBS Group decreased their price objective on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a report on Monday. Morgan Stanley boosted their price objective on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Raymond James Financial reissued a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Piper Sandler reissued a "neutral" rating and issued a $283.00 price objective (down previously from $335.00) on shares of Chubb in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $301.50.

Chubb Price Performance

NYSE CB traded up $1.36 during trading hours on Friday, reaching $267.40. The company's stock had a trading volume of 3,214,985 shares, compared to its average volume of 1,821,994. The firm has a market capitalization of $106.61 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 3.03 and a beta of 0.53. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The company's 50-day moving average is $282.61 and its two-hundred day moving average is $282.34.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping 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 company had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. During the same quarter in the prior year, the firm posted $5.38 EPS. Chubb's quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb declared that its Board of Directors has approved a share 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 buy up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.5%. Chubb's payout ratio is currently 17.12%.

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.