PFG Advisors Has $1.80 Million Stake in Chubb Limited (NYSE:CB)

PFG Advisors raised its stake in Chubb Limited (NYSE:CB - Free Report) by 42.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,960 shares of the financial services provider's stock after purchasing an additional 1,767 shares during the period. PFG Advisors' holdings in Chubb were worth $1,800,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CB. Peoples Bank KS purchased a new stake in shares of Chubb during the first quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chubb during the first quarter worth about $25,000. North Capital Inc. purchased a new position in Chubb during the first quarter worth about $26,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 89 shares during the period. Finally, Cherry Tree Wealth Management LLC boosted its holdings in Chubb by 56.6% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 43 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 9,794 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the transaction, the chief operating officer owned 247,538 shares in the company, valued at $72,526,158.62. This represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 value of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,390 shares of company stock valued at $29,163,135 in the last ninety days. Insiders own 0.77% of the company's stock.

Chubb Price Performance

Shares of CB traded down $0.90 during mid-day trading on Friday, hitting $269.28. 2,979,052 shares of the company traded hands, compared to its average volume of 2,031,676. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $107.91 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 3.07 and a beta of 0.53. The business has a 50-day moving average of $284.54 and a 200 day moving average of $282.35. Chubb Limited has a one year low of $252.16 and a one year high of $306.91.

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

Chubb announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.44%. Chubb's dividend payout ratio (DPR) is currently 17.12%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Wells Fargo & Company lowered their price target on Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a report on Thursday. Barclays cut Chubb from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $302.64.

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.