Greenline Partners LLC Buys New Shares in Chubb Limited $CB

Key Points

• Greenline Partners LLC acquired 4,282 shares of Chubb Limited, valued at approximately $1.29 million, during the first quarter as reported in their Form 13F filing.
• Chubb's recent quarterly earnings showed an EPS of $6.14, beating estimates and reflecting a 6.3% year-over-year revenue growth of $14.20 billion.
• The company announced a quarterly dividend of $0.97 per share, with shareholders of record receiving this payment on October 3rd, representing an annualized yield of 1.4%.

Greenline Partners LLC bought a new stake in Chubb Limited (NYSE:CB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,282 shares of the financial services provider's stock, valued at approximately $1,293,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. E Fund Management Co. Ltd. lifted its holdings in shares of Chubb by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock worth $291,000 after acquiring an additional 36 shares during the last quarter. Sunflower Bank N.A. grew its position in shares of 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 buying an additional 38 shares during the last quarter. Avantax Planning Partners Inc. grew its position 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 valued at $236,000 after buying an additional 38 shares during the last quarter. Lincoln Capital LLC grew its position in shares of Chubb by 0.6% in the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider's stock valued at $2,022,000 after buying an additional 39 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its position in Chubb by 0.5% during the 1st quarter. HighPoint Advisor Group LLC now owns 8,857 shares of the financial services provider's stock worth $2,524,000 after purchasing an additional 40 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CB. Piper Sandler restated a "neutral" rating and issued a $283.00 target price (down previously from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Morgan Stanley cut their target price on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Evercore ISI set a $312.00 target price on shares of Chubb in a research report on Wednesday, July 23rd. Barclays cut shares of Chubb from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. Finally, Wells Fargo & Company lowered their price target on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $302.00.

Chubb Trading Up 0.5%

CB opened at $278.06 on Thursday. The stock has a market capitalization of $110.86 billion, a PE ratio of 12.27, a P/E/G ratio of 3.10 and a beta of 0.56. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The firm's fifty day moving average price is $275.21 and its 200 day moving average price is $282.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

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

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be paid 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 yield of 1.4%. Chubb's dividend payout ratio is currently 17.12%.

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

Insider Buying and Selling

In related news, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer owned 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate 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.

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