Chubb Limited $CB Shares Acquired by Inspire Trust Co. N.A.

Key Points

• Inspire Trust Co. N.A. increased its stake in Chubb Limited by 23.1%, acquiring an additional 3,000 shares to reach a total of 16,000 shares valued at approximately $4.83 million.
• Chubb's recent earnings report showed a revenue of $14.20 billion for the quarter, exceeding expectations, with earnings per share (EPS) of $6.14, up from $5.38 in the previous year.
• Multiple research firms have downgraded Chubb's stock ratings, with UBS Group adjusting its price target from $304.00 to $292.00 and HSBC changing its rating from "buy" to "hold".

Inspire Trust Co. N.A. raised its position in Chubb Limited (NYSE:CB - Free Report) by 23.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,000 shares of the financial services provider's stock after purchasing an additional 3,000 shares during the quarter. Chubb accounts for approximately 1.1% of Inspire Trust Co. N.A.'s portfolio, making the stock its 22nd largest position. Inspire Trust Co. N.A.'s holdings in Chubb were worth $4,832,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Chubb during the 4th quarter worth about $205,000. Bank Pictet & Cie Europe AG acquired a new stake in Chubb in the 4th quarter valued at about $1,320,000. Cohen & Steers Inc. boosted its stake in shares of Chubb by 5.4% in the 4th quarter. Cohen & Steers Inc. now owns 1,553 shares of the financial services provider's stock valued at $429,000 after buying an additional 79 shares during the period. Finally, Mariner LLC boosted its stake in shares of Chubb by 1.8% in the 4th quarter. Mariner LLC now owns 110,580 shares of the financial services provider's stock valued at $30,553,000 after buying an additional 1,977 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat bought 425 shares of the stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the purchase, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction 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 owned 91,180 shares in the company, valued at $26,447,670.80. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,390 shares of company stock worth $29,163,135. Corporate insiders own 0.86% of the company's stock.

Chubb Price Performance

Shares of CB stock traded down $1.40 during mid-day trading on Monday, reaching $272.81. The stock had a trading volume of 1,158,607 shares, compared to its average volume of 1,783,972. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $277.86 and a 200 day simple moving average of $282.54. The company has a market cap of $108.77 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 3.09 and a beta of 0.53.

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 for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. During the same period last year, the company posted $5.38 EPS. The company's revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb announced that its board has initiated a stock buyback program on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, September 12th. Chubb's dividend payout ratio is 17.12%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CB shares. HSBC cut shares of Chubb from a "buy" rating to a "hold" rating and reduced their target price for the company from $317.00 to $300.00 in a report on Friday, August 1st. Morgan Stanley decreased their price target on Chubb from $300.00 to $295.00 and set an "equal weight" rating for the company in a report on Monday. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Citigroup began coverage on shares of Chubb in a report on Wednesday, August 13th. They issued a "buy" rating and a $326.00 target price for the company. Finally, Hsbc Global Res downgraded Chubb from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $302.00.

Chubb Company 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.