Chubb Limited (NYSE:CB) Shares Bought by Balefire LLC

Balefire LLC grew its position in Chubb Limited (NYSE:CB) by 17.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,338 shares of the financial services provider’s stock after acquiring an additional 490 shares during the quarter. Balefire LLC’s holdings in Chubb were worth $1,008,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CB. Peoples Bank KS acquired a new stake in Chubb during the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC purchased a new position in Chubb in the 1st quarter valued at $25,000. Crowley Wealth Management Inc. purchased a new position in Chubb in the 4th quarter valued at $29,000. Cherry Tree Wealth Management LLC increased its stake in Chubb by 56.6% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider’s stock valued at $36,000 after buying an additional 43 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock worth $34,000 after buying an additional 89 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. Morgan Stanley raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. UBS Group boosted their target price on Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Raymond James Financial reissued a “strong-buy” rating on shares of Chubb in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their price target on Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.53.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 85,083 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the transaction, the chief operating officer now owns 237,728 shares of the company’s stock, valued at approximately $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.77% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of CB stock opened at $282.76 on Thursday. The stock has a fifty day moving average price of $287.87 and a 200 day moving average price of $281.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $113.31 billion, a PE ratio of 13.61, a P/E/G ratio of 3.19 and a beta of 0.54. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91.

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

Chubb Increases Dividend

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

Chubb announced that its board has approved a share repurchase plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.