Advisory Alpha LLC Boosts Stock Holdings in Chubb Limited (NYSE:CB)

Advisory Alpha LLC lifted its holdings in shares of Chubb Limited (NYSE:CB) by 11.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,434 shares of the financial services provider’s stock after purchasing an additional 153 shares during the period. Advisory Alpha LLC’s holdings in Chubb were worth $372,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CB. Toroso Investments LLC grew its holdings in shares of Chubb by 6.7% during the third quarter. Toroso Investments LLC now owns 5,648 shares of the financial services provider’s stock worth $1,176,000 after purchasing an additional 356 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of Chubb by 2.1% during the third quarter. Townsquare Capital LLC now owns 5,141 shares of the financial services provider’s stock valued at $1,070,000 after acquiring an additional 107 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Chubb by 1.4% in the third quarter. Integrated Wealth Concepts LLC now owns 6,949 shares of the financial services provider’s stock worth $1,447,000 after purchasing an additional 97 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Chubb by 4.9% in the third quarter. Public Sector Pension Investment Board now owns 95,581 shares of the financial services provider’s stock worth $19,898,000 after purchasing an additional 4,503 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in Chubb by 52.4% in the third quarter. EP Wealth Advisors LLC now owns 3,090 shares of the financial services provider’s stock worth $643,000 after purchasing an additional 1,063 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

NYSE CB traded down $0.05 on Friday, hitting $257.94. 258,038 shares of the company’s stock were exchanged, compared to its average volume of 1,642,413. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The firm’s 50-day moving average price is $260.45 and its two-hundred day moving average price is $250.53. Chubb Limited has a fifty-two week low of $186.52 and a fifty-two week high of $275.41. The firm has a market cap of $104.74 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 6.21 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the prior year, the firm posted $4.41 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. On average, research analysts expect that Chubb Limited will post 20.95 EPS for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio is currently 16.16%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday. Citigroup reissued a “neutral” rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Bank of America upgraded Chubb from an “underperform” rating to a “neutral” rating and raised their price target for the company from $244.00 to $266.00 in a report on Thursday, May 23rd. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $282.00 target price on shares of Chubb in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $267.65.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 34,707 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares in the company, valued at approximately $12,199,649.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO John W. Keogh sold 34,707 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The disclosure for this sale can be found here. Insiders have sold a total of 47,552 shares of company stock valued at $12,149,985 in the last quarter. 0.86% of the stock is currently owned by company 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.