Stanley Laman Group Ltd. Invests $326,000 in Chubb Limited (NYSE:CB)

Stanley Laman Group Ltd. bought a new stake in Chubb Limited (NYSE:CB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,078 shares of the financial services provider's stock, valued at approximately $326,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Peoples Bank KS acquired a new stake in Chubb in the 1st quarter worth approximately $25,000. Sierra Ocean LLC purchased a new position in shares of Chubb in the fourth quarter worth $29,000. Crowley Wealth Management Inc. purchased a new position in shares of Chubb in the fourth quarter worth $29,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb during the fourth quarter worth $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Chubb by 254.3% during 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 buying an additional 89 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 12,231 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the transaction, the executive vice president now owns 78,422 shares in the company, valued at $23,120,374.04. This represents a 13.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John W. Keogh purchased 9,810 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average cost of $292.99 per share, for a total transaction of $2,874,231.90. Following the completion of the purchase, the chief operating officer now directly owns 247,538 shares in the company, valued at $72,526,158.62. This represents a 4.13% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 107,108 shares of company stock valued at $31,169,977. 0.86% of the stock is owned by company insiders.

Chubb Price Performance

Shares of Chubb stock traded down $2.56 during trading hours on Tuesday, reaching $283.87. The stock had a trading volume of 983,467 shares, compared to its average volume of 1,614,351. The stock's 50 day moving average is $287.94 and its 200 day moving average is $281.66. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The firm has a market capitalization of $113.76 billion, a PE ratio of 13.66, a PEG ratio of 3.19 and a beta of 0.54.

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

Chubb declared that its board has approved a stock buyback plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.97 per share. This is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.37%. Chubb's dividend payout ratio (DPR) is 18.67%.

Analyst Ratings Changes

A number of analysts have commented on CB shares. Piper Sandler lifted their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Wells Fargo & Company lifted their target price on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. UBS Group increased their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Finally, Morgan Stanley lifted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of "Moderate Buy" and an average price target of $307.53.

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.