Good Steward Wealth Advisors LLC Takes Position in Chubb Limited (NYSE:CB)

Good Steward Wealth Advisors LLC purchased a new stake in shares of Chubb Limited (NYSE:CB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,146 shares of the financial services provider's stock, valued at approximately $346,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Chubb by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after purchasing an additional 271,648 shares during the period. FMR LLC lifted its holdings in Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock worth $4,329,173,000 after buying an additional 91,892 shares during the period. Capital World Investors lifted its holdings in Chubb by 1.9% in the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock worth $3,172,194,000 after buying an additional 212,889 shares during the period. Capital Research Global Investors lifted its holdings in Chubb by 1.5% in the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after buying an additional 131,075 shares during the period. Finally, Demars Financial Group LLC lifted its holdings in Chubb by 16.4% in the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock worth $1,884,004,000 after buying an additional 878,177 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CB. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. Jefferies Financial Group lifted their target price on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Morgan Stanley lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Barclays lowered their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, UBS Group raised their price objective on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $307.53.

Chubb Stock Up 0.5%

Shares of CB stock traded up $1.46 during trading hours on Friday, hitting $283.61. 2,389,071 shares of the company's stock traded hands, compared to its average volume of 1,617,447. The stock's fifty day simple moving average is $287.89 and its two-hundred day simple moving average is $281.59. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The stock has a market cap of $113.65 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 3.14 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

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

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued 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 yield of 1.37%. The ex-dividend date is Friday, June 13th. Chubb's payout ratio is presently 18.67%.

Chubb announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In related news, COO John W. Keogh acquired 9,810 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was purchased at an average cost of $292.99 per share, with a total value of $2,874,231.90. Following the completion of the acquisition, the chief operating officer now directly owns 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This trade represents a 4.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.77% of the stock is owned by company insiders.

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.