Stablepoint Partners LLC Acquires 95 Shares of Chubb Limited (NYSE:CB)

Stablepoint Partners LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,163 shares of the financial services provider’s stock after purchasing an additional 95 shares during the quarter. Stablepoint Partners LLC’s holdings in Chubb were worth $1,559,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Peoples Bank KS purchased a new stake in shares of Chubb in the first quarter valued at $25,000. Sierra Ocean LLC purchased a new position in Chubb in the 4th quarter worth about $29,000. Crowley Wealth Management Inc. purchased a new position in Chubb in the 4th quarter worth about $29,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in Chubb by 254.3% in 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 period. Finally, Human Investing LLC purchased a new position in Chubb in the 4th quarter worth about $36,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on CB shares. Jefferies Financial Group raised their target price on shares of Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods lowered their price target on shares of Chubb from $316.00 to $314.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. Raymond James reiterated a “strong-buy” rating on shares of Chubb in a research note on Thursday, April 24th. Finally, Barclays reduced their price target on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $307.53.

Chubb Stock Performance

NYSE CB opened at $291.07 on Friday. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company has a market cap of $116.64 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The stock’s 50 day simple moving average is $287.79 and its 200-day simple moving average is $281.65.

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

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.33%. Chubb’s payout ratio is presently 18.67%.

Chubb announced that its Board of Directors has initiated a share buyback program on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $5,820,978.04. The trade was a 3.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the sale, the chief operating officer now directly owns 237,728 shares of the company’s stock, valued at $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,553 shares of company stock valued at $40,387,620. 0.77% of the stock is currently owned by corporate 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.