Bartlett & CO. Wealth Management LLC Buys 3,730 Shares of Chubb Limited (NYSE:CB)

Bartlett & CO. Wealth Management LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 1.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 239,225 shares of the financial services provider’s stock after acquiring an additional 3,730 shares during the period. Chubb comprises 1.1% of Bartlett & CO. Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Bartlett & CO. Wealth Management LLC’s holdings in Chubb were worth $72,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunflower Bank N.A. boosted its stake in Chubb by 4.4% during the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock valued at $273,000 after buying an additional 38 shares during the period. Tandem Wealth Advisors LLC boosted its position in shares of Chubb by 3.0% during the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 40 shares during the last quarter. Unison Advisors LLC grew its holdings in shares of Chubb by 0.3% during the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $3,742,000 after purchasing an additional 41 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Chubb by 1.6% during the fourth quarter. Lindbrook Capital LLC now owns 2,716 shares of the financial services provider’s stock worth $750,000 after purchasing an additional 42 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its position in shares of Chubb by 1.7% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,467 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 42 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 0.4%

Shares of CB stock opened at $283.94 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average of $287.84 and a 200 day moving average of $281.65. The stock has a market capitalization of $113.78 billion, a PE ratio of 13.66, a P/E/G ratio of 3.15 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 issued its 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 net margin of 15.05% and a return on equity of 12.37%. The firm had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $11.22 billion. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its Board of Directors has initiated a share buyback 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 purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Chubb Increases Dividend

The company also recently disclosed 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 a boost from Chubb’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.37%. Chubb’s payout ratio is presently 18.67%.

Insider Activity

In other Chubb news, COO John W. Keogh bought 9,810 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average price of $292.99 per share, for a total transaction of $2,874,231.90. Following the completion of the acquisition, the chief operating officer now directly owns 247,538 shares in the company, valued at $72,526,158.62. The trade was a 4.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods lowered their price objective on shares of Chubb from $316.00 to $314.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group upped their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft downgraded Chubb from a “buy” rating to a “hold” rating and set a $303.00 price target on the stock. in a research report on Tuesday, May 20th. Finally, Piper Sandler upped their price objective on Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Two equities research 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. Based on data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus target price of $307.53.

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.