Silvant Capital Management LLC Grows Stock Position in Chubb Limited $CB

Key Points

• Silvant Capital Management LLC increased its holdings in Chubb Limited by 44.2% during the first quarter, now owning 11,452 shares valued at approximately $3.46 million.
• A stock repurchase program has been authorized by Chubb's board, allowing the company to buy back $5 billion in shares, indicating potential undervaluation.
• Chubb recently reported earnings of $6.14 per share, surpassing expectations, with a quarterly revenue of $14.2 billion, up 6.3% from the previous year.

Silvant Capital Management LLC increased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 44.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,452 shares of the financial services provider's stock after acquiring an additional 3,513 shares during the period. Silvant Capital Management LLC's holdings in Chubb were worth $3,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peoples Bank KS acquired a new position in Chubb during the first quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in Chubb during the first quarter worth $25,000. North Capital Inc. acquired a new position in Chubb during the first quarter worth $26,000. IMA Advisory Services Inc. acquired a new position in Chubb during the first quarter worth $31,000. Finally, Cherry Tree Wealth Management LLC grew its holdings in 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 during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Corbat bought 425 shares of Chubb stock in a transaction on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares in the company, valued at $661,010. This represents a 20.99% increase in their position. The disclosure for this purchase can be found here. 0.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CB shares. Barclays lowered Chubb from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $321.00 to $298.00 in a report on Monday, July 7th. Morgan Stanley lowered their target price on Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Cantor Fitzgerald raised Chubb to a "hold" rating in a report on Wednesday, August 13th. Wells Fargo & Company lowered their target price on Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Finally, UBS Group lowered their target price on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $302.00.

Chubb Price Performance

Shares of NYSE:CB traded up $1.87 on Friday, hitting $275.12. The company had a trading volume of 1,248,361 shares, compared to its average volume of 1,656,635. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The business has a 50 day moving average of $275.77 and a 200 day moving average of $282.77. The company has a market cap of $109.69 billion, a PE ratio of 12.14, a PEG ratio of 3.10 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last released its 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. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.38 EPS. As a group, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb declared that its board has authorized a stock buyback program on Thursday, May 15th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Chubb Dividend Announcement

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