Compass Ion Advisors LLC Purchases New Shares in Chubb Limited (NYSE:CB)

Compass Ion Advisors LLC purchased a new stake in Chubb Limited (NYSE:CB) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 707 shares of the financial services provider’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Chubb during the 4th quarter worth about $205,000. Bank Pictet & Cie Europe AG acquired a new stake in Chubb during the 4th quarter worth about $1,320,000. Strategic Financial Concepts LLC acquired a new stake in Chubb during the 4th quarter worth about $30,000. Finally, Atria Wealth Solutions Inc. boosted its position in Chubb by 19.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 16,143 shares of the financial services provider’s stock worth $4,471,000 after acquiring an additional 2,655 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 0.5%

Shares of CB stock opened at $283.61 on Friday. The stock’s 50 day simple moving average is $287.89 and its 200 day simple moving average is $281.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The company has a market capitalization of $113.65 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 3.14 and a beta of 0.54.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $11.22 billion. As a group, research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

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

Chubb declared that its Board of Directors has approved a stock 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 leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays decreased their price objective on Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Morgan Stanley lifted their price target on Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. UBS Group lifted their price target on Chubb from $303.00 to $304.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Raymond James Financial reiterated a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered Chubb from a “buy” rating to a “hold” rating and set a $303.00 price target for the company. in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and a consensus price target of $307.53.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 237,728 shares of the company’s stock, valued at $68,998,174.72. The trade was a 26.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.77% of the company’s stock.

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.