JT Stratford LLC Has $329,000 Stake in Chubb Limited $CB

Key Points

• JT Stratford LLC significantly reduced its holdings in Chubb Limited, cutting its position by 86.4%, resulting in ownership of only 1,089 shares worth approximately $329,000 at the end of Q1.
• Chubb's most recent earnings report showed $6.14 earnings per share, exceeding expectations and demonstrating a 6.3% revenue increase from the previous year.
• The company announced a new $5 billion stock repurchase plan, indicating management's belief that the shares are undervalued, alongside a quarterly dividend of $0.97 per share.

JT Stratford LLC cut its holdings in Chubb Limited (NYSE:CB - Free Report) by 86.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,089 shares of the financial services provider's stock after selling 6,895 shares during the quarter. JT Stratford LLC's holdings in Chubb were worth $329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. E Fund Management Co. Ltd. boosted its position 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 valued at $291,000 after purchasing an additional 36 shares during the period. Sunflower Bank N.A. boosted 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 purchasing an additional 38 shares during the period. Avantax Planning Partners Inc. boosted 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 purchasing an additional 38 shares during the period. Lincoln Capital LLC boosted 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 purchasing an additional 39 shares during the period. Finally, HighPoint Advisor Group LLC boosted its position in shares of Chubb by 0.5% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,857 shares of the financial services provider's stock valued at $2,524,000 after purchasing an additional 40 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 0.5%

CB traded down $1.4450 during trading on Friday, reaching $277.3750. 1,401,699 shares of the stock traded hands, compared to its average volume of 1,895,244. The stock has a market cap of $110.59 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week 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 stock's 50-day simple moving average is $276.76 and its two-hundred day simple moving average is $282.59.

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

Chubb Announces Dividend

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

Chubb declared that its board has approved a stock buyback program 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 repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CB shares. UBS Group decreased their price target on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target for the company. in a research report on Tuesday, May 20th. Wells Fargo & Company dropped their price target on Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. Evercore ISI set a $312.00 price target on Chubb in a research report on Wednesday, July 23rd. Finally, Hsbc Global Res lowered Chubb from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $302.00.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh bought 9,810 shares of the stock in a transaction on Friday, June 6th. The shares were purchased at an average cost of $292.99 per share, with a total value of $2,874,231.90. Following the completion of the transaction, the chief operating officer directly owned 247,538 shares of the company's stock, valued at $72,526,158.62. This represents a 4.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction on Tuesday, July 1st. The stock was 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 $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.77% of the company's stock.

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.