MBB Public Markets I LLC Makes New Investment in Chubb Limited $CB

Key Points

• MBB Public Markets I LLC acquired 1,080 shares of Chubb Limited in the first quarter, valued at approximately $326,000, according to its recent SEC filing.
• Chubb reported $6.14 earnings per share for the last quarter, exceeding analysts' expectations, and achieving a net revenue of $14.20 billion, a 6.3% increase year-over-year.
• The company authorized a $5.00 billion share repurchase plan, indicating management believes its shares are undervalued, and also declared a quarterly dividend of $0.97 per share.

MBB Public Markets I LLC purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,080 shares of the financial services provider's stock, valued at approximately $326,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ascent Group LLC increased its stake in Chubb by 77.7% during the 1st quarter. Ascent Group LLC now owns 4,540 shares of the financial services provider's stock worth $1,371,000 after acquiring an additional 1,985 shares during the period. United Services Automobile Association bought a new position in Chubb during the 1st quarter worth $2,542,000. Arete Wealth Advisors LLC increased its stake in Chubb by 10.7% during the 1st quarter. Arete Wealth Advisors LLC now owns 1,182 shares of the financial services provider's stock worth $357,000 after acquiring an additional 114 shares during the period. Sciencast Management LP bought a new position in Chubb during the 1st quarter worth $3,529,000. Finally, Financial Strategies Group Inc. increased its stake in Chubb by 7.6% during the 1st quarter. Financial Strategies Group Inc. now owns 26,136 shares of the financial services provider's stock worth $7,444,000 after acquiring an additional 1,854 shares during the period. Institutional investors own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CB. Barclays lowered Chubb from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Citigroup initiated coverage on Chubb in a research note on Wednesday, August 13th. They issued a "buy" rating and a $326.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods lifted their price target on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Finally, Hsbc Global Res lowered Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $302.00.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 5,513 shares of the business's 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 sale, the insider owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Corbat bought 425 shares of the business's stock in a transaction on Friday, July 25th. The shares were bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.86% of the company's stock.

Chubb Price Performance

CB stock traded down $4.87 during midday trading on Friday, reaching $278.02. 2,115,158 shares of the stock were exchanged, compared to its average volume of 1,651,878. The stock has a market capitalization of $110.84 billion, a PE ratio of 12.26, a P/E/G ratio of 3.14 and a beta of 0.56. Chubb Limited has a 52 week low of $252.16 and a 52 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 company has a fifty day moving average price of $274.38 and a 200 day moving average price of $283.41.

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. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.Chubb's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.38 EPS. As a group, analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

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.