Geneos Wealth Management Inc. Increases Stake in Chubb Limited $CB

Key Points

• Geneos Wealth Management Inc. boosted its stake in Chubb Limited by 18.2% during Q1, increasing its holdings to $3.74 million worth of shares.
• Chubb's recent earnings showed EPS of $6.14, surpassing estimates, along with a 6.3% year-over-year revenue growth.
• The company has initiated a $5 billion share buyback program signaling confidence in its valuation, while also announcing a quarterly dividend of $0.97 per share.

Geneos Wealth Management Inc. raised its position in Chubb Limited (NYSE:CB - Free Report) by 18.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,392 shares of the financial services provider's stock after acquiring an additional 1,908 shares during the period. Geneos Wealth Management Inc.'s holdings in Chubb were worth $3,742,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. E Fund Management Co. Ltd. lifted its stake in shares of Chubb by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock worth $291,000 after buying an additional 36 shares during the period. Rise Advisors LLC boosted its holdings in Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider's stock valued at $254,000 after purchasing an additional 37 shares during the last quarter. Sunflower Bank N.A. boosted its holdings in Chubb by 4.4% in the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock valued at $273,000 after purchasing an additional 38 shares during the last quarter. Avantax Planning Partners Inc. lifted its holdings in shares of Chubb by 5.1% in the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock worth $236,000 after acquiring an additional 38 shares during the last quarter. Finally, Lincoln Capital LLC lifted its holdings in Chubb by 0.6% during the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider's stock worth $2,022,000 after buying an additional 39 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction that occurred on 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 sale, the insider directly owned 91,180 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, Director Michael Corbat purchased 425 shares of the company's stock in a transaction on Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The disclosure for this purchase can be found here. 0.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Evercore ISI set a $312.00 target price on shares of Chubb in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price target 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. Wells Fargo & Company decreased their target price on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. Barclays cut shares of Chubb from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $321.00 to $298.00 in a report on Monday, July 7th. Finally, HSBC lowered shares of Chubb from a "buy" rating to a "hold" rating and decreased their target price for the company from $317.00 to $300.00 in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $302.00.

Chubb Trading Down 1.7%

NYSE:CB traded down $4.87 on Friday, hitting $278.02. 2,115,158 shares of the stock were exchanged, compared to its average volume of 1,621,329. The stock has a market capitalization of $110.84 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 3.19 and a beta of 0.56. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. 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 company's 50-day moving average price is $274.38 and its 200 day moving average price is $283.40.

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

Chubb Announces Dividend

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