Chubb Limited (NYSE:CB) is Delphi Management Inc. MA’s 7th Largest Position

Delphi Management Inc. MA lessened its stake in Chubb Limited (NYSE:CB) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,966 shares of the financial services provider’s stock after selling 289 shares during the quarter. Chubb accounts for approximately 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 7th biggest position. Delphi Management Inc. MA’s holdings in Chubb were worth $1,500,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CB. Demars Financial Group LLC raised its position in shares of Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider’s stock worth $1,481,094,000 after purchasing an additional 5,340,499 shares during the last quarter. Norges Bank purchased a new position in shares of Chubb in the 4th quarter worth about $1,169,720,000. Raymond James Financial Inc. bought a new stake in Chubb in the 4th quarter worth about $1,158,897,000. GAMMA Investing LLC increased its holdings in Chubb by 36,831.3% in the 1st quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider’s stock worth $629,357,000 after buying an additional 2,078,390 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Chubb by 46.7% in the 4th quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider’s stock worth $1,217,392,000 after buying an additional 1,403,545 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $297.34 on Friday. Chubb Limited has a 52 week low of $251.42 and a 52 week high of $306.91. The firm has a market capitalization of $119.15 billion, a P/E ratio of 13.09, a PEG ratio of 3.36 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $288.05 and a 200-day moving average price of $281.42.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.40. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its board has approved a share buyback program on Thursday, May 15th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.30%. Chubb’s payout ratio is 18.67%.

Insider Activity at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. The trade was a 3.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the transaction, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,553 shares of company stock worth $43,257,220. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CB shares. Jefferies Financial Group lifted their price objective on Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Keefe, Bruyette & Woods reduced their price objective on Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price objective on Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Wells Fargo & Company lifted their price objective on Chubb from $268.00 to $278.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average target price 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.