Roffman Miller Associates Inc. PA Boosts Position in Chubb Limited (NYSE:CB)

Roffman Miller Associates Inc. PA raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,728 shares of the financial services provider's stock after acquiring an additional 2,392 shares during the period. Chubb comprises approximately 2.5% of Roffman Miller Associates Inc. PA's investment portfolio, making the stock its 16th largest holding. Roffman Miller Associates Inc. PA's holdings in Chubb were worth $40,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Peoples Bank KS purchased a new position in shares of Chubb during the 1st quarter valued at $25,000. Opal Wealth Advisors LLC bought a new position in Chubb in the 1st quarter worth approximately $25,000. North Capital Inc. purchased a new position in Chubb in the 1st quarter valued at approximately $26,000. Crowley Wealth Management Inc. bought a new stake in Chubb during the 4th quarter valued at $29,000. Finally, Cherry Tree Wealth Management LLC lifted its position in shares of Chubb by 56.6% during the first quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider's stock worth $36,000 after acquiring an additional 43 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Down 1.4%

Shares of CB stock traded down $3.96 during trading hours on Monday, reaching $279.84. 1,427,424 shares of the company's stock were exchanged, compared to its average volume of 1,638,242. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The stock's 50 day moving average is $287.96 and its 200-day moving average is $282.16. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $112.14 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 3.16 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 15.05% and a return on equity of 12.37%. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were issued a $0.97 dividend. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, June 13th. Chubb's dividend payout ratio is presently 18.67%.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CB. Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. 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 report on Tuesday, May 20th. Piper Sandler lifted their price objective on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Finally, Wells Fargo & Company raised their price target on shares of Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $306.00.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 85,083 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the sale, the chief operating officer owned 237,728 shares of the company's stock, valued at $68,998,174.72. The trade was a 26.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,390 shares of company stock worth $29,163,135 over the last quarter. 0.86% of the stock is currently owned by 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.