L & S Advisors Inc Acquires Shares of 6,831 Chubb Limited (NYSE:CB)

Key Points

• L & S Advisors Inc acquired a new stake in Chubb Limited worth approximately $2.06 million by purchasing 6,831 shares during the first quarter.
• Chubb recently announced a quarterly dividend increase to $0.97 per share, up from $0.91, indicating a positive financial outlook with a dividend yield of 1.5%.
• Wall Street analysts maintain a consensus rating of "Hold" on Chubb's stock, with a price target range from $292.00 to $312.00, reflecting mixed sentiments regarding its future performance.

L & S Advisors Inc acquired a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,831 shares of the financial services provider's stock, valued at approximately $2,063,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Peoples Bank KS purchased a new position in Chubb in the 1st quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new position in Chubb in the first quarter valued at about $25,000. North Capital Inc. acquired a new stake in shares of Chubb in the 1st quarter valued at $26,000. IMA Advisory Services Inc. bought a new position in shares of Chubb in the first quarter valued at approximately $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after acquiring an additional 89 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

CB traded down $2.32 during trading on Thursday, reaching $267.31. The stock had a trading volume of 393,601 shares, compared to its average volume of 1,800,552. 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 business has a 50-day moving average of $281.03 and a 200-day moving average of $282.31. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The stock has a market cap of $106.57 billion, a PE ratio of 11.79, a PEG ratio of 3.03 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last released its earnings results 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 firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the prior year, the firm earned $5.38 EPS. The company's revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were given a dividend of $0.97 per share. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, June 13th. Chubb's dividend payout ratio (DPR) is 17.12%.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group reduced their price objective on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective for the company. in a research report on Tuesday, May 20th. Raymond James Financial reissued a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Hsbc Global Res cut shares of Chubb from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Morgan Stanley upped their price target on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $301.50.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 5,513 shares of the 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 completion of the sale, the insider directly owned 91,180 shares of the company's stock, valued at $26,447,670.80. This trade represents a 5.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Corbat bought 425 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares of the company's stock, valued at $661,010. This represents a 20.99% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 100,390 shares of company stock worth $29,163,135. 0.77% of the stock is owned by corporate insiders.

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.