Long Run Wealth Advisors LLC bought a new position in Chubb Limited (NYSE:CB - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 12,291 shares of the financial services provider's stock, valued at approximately $3,712,000.
Other institutional investors also recently bought and sold shares of the company. Rede Wealth LLC increased its stake in Chubb by 2.0% in the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock worth $525,000 after buying an additional 37 shares in the last quarter. Avitas Wealth Management LLC increased its stake in Chubb by 0.5% in the 4th quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock worth $2,421,000 after buying an additional 40 shares in the last quarter. Tandem Wealth Advisors LLC increased its stake in Chubb by 3.0% in the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock worth $382,000 after buying an additional 40 shares in the last quarter. Unison Advisors LLC increased its stake in Chubb by 0.3% in the 4th quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock worth $3,742,000 after buying an additional 41 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in Chubb by 1.6% in the 4th quarter. Lindbrook Capital LLC now owns 2,716 shares of the financial services provider's stock worth $750,000 after buying an additional 42 shares in the last quarter. 83.81% of the stock is owned by institutional investors.
Chubb Trading Up 0.8%
CB traded up $2.43 on Friday, hitting $293.95. The company had a trading volume of 1,339,772 shares, compared to its average volume of 1,619,189. The company has a market cap of $117.79 billion, a PE ratio of 12.94, a PEG ratio of 3.36 and a beta of 0.54. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The business's fifty day simple moving average is $287.64 and its 200 day simple moving average is $281.72.
Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.
Chubb announced that its board has authorized a stock buyback 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 buy up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.
Chubb Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a $0.97 dividend. The ex-dividend date is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.32%. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is presently 18.67%.
Insiders Place Their Bets
In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at $170,321,922.75. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,553 shares of company stock valued at $40,387,620 over the last 90 days. Insiders own 0.77% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on CB shares. Jefferies Financial Group raised their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Barclays cut their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods cut their price objective on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $307.53.
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About Chubb
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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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