Chubb Limited $CB Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Chubb Limited by 6.1%, owning 41,359 shares valued at approximately $12.49 million at the end of the first quarter.
• Chubb Limited reported a quarterly earnings of $6.14 per share, surpassing expectations and up from $5.38 a year earlier, with revenue growing by 6.3% year-over-year.
• The company has authorized a significant $5 billion stock buyback program, indicating management's belief that the shares are currently undervalued.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,359 shares of the financial services provider's stock after buying an additional 2,376 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Chubb were worth $12,487,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. E Fund Management Co. Ltd. increased its position in Chubb by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock worth $291,000 after buying an additional 36 shares in the last quarter. Sunflower Bank N.A. increased its position in Chubb by 4.4% during the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock worth $273,000 after buying an additional 38 shares in the last quarter. Avantax Planning Partners Inc. increased its position in Chubb by 5.1% during the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock worth $236,000 after buying an additional 38 shares in the last quarter. Lincoln Capital LLC increased its position in Chubb by 0.6% during the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider's stock worth $2,022,000 after buying an additional 39 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its position in Chubb by 0.5% during the first quarter. HighPoint Advisor Group LLC now owns 8,857 shares of the financial services provider's stock worth $2,524,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

CB has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. Hsbc Global Res downgraded Chubb from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Evercore ISI set a $312.00 price objective on Chubb in a research report on Wednesday, July 23rd. Piper Sandler reaffirmed a "neutral" rating and issued a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Finally, HSBC downgraded Chubb from a "buy" rating to a "hold" rating and lowered their price objective for the company from $317.00 to $300.00 in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $302.00.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction on Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director owned 2,450 shares of the company's stock, valued at $661,010. This represents a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.86% of the company's stock.

Chubb Trading Down 1.7%

CB stock traded down $4.87 during trading on Friday, reaching $278.02. 2,115,158 shares of the stock traded hands, compared to its average volume of 1,651,878. The business's 50 day moving average price is $274.38 and its 200-day moving average price is $283.41. 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 firm 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 (NYSE:CB - Get Free Report) last posted its quarterly earnings results 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. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter in the previous year, the business earned $5.38 earnings per share. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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

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.