Clarius Group LLC Grows Position in Chubb Limited (NYSE:CB)

Clarius Group LLC lifted its stake in Chubb Limited (NYSE:CB) by 9.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,848 shares of the financial services provider’s stock after buying an additional 240 shares during the quarter. Clarius Group LLC’s holdings in Chubb were worth $450,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Usca Ria LLC lifted its holdings in shares of Chubb by 196.5% in the first quarter. Usca Ria LLC now owns 27,797 shares of the financial services provider’s stock worth $4,391,000 after buying an additional 18,423 shares in the last quarter. AE Wealth Management LLC increased its position in Chubb by 6.8% in the first quarter. AE Wealth Management LLC now owns 22,423 shares of the financial services provider’s stock worth $3,542,000 after purchasing an additional 1,432 shares during the last quarter. OneAscent Wealth Management LLC increased its position in Chubb by 6.3% in the first quarter. OneAscent Wealth Management LLC now owns 3,195 shares of the financial services provider’s stock worth $505,000 after purchasing an additional 190 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Chubb by 1.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,388 shares of the financial services provider’s stock worth $693,000 after purchasing an additional 80 shares during the last quarter. Finally, Brand Asset Management Group Inc. bought a new stake in Chubb in the first quarter worth $39,000. 85.79% of the stock is currently owned by hedge funds and other institutional investors.

In other Chubb news, Vice Chairman Paul J. Krump sold 5,600 shares of the stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $165.05, for a total transaction of $924,280.00. Following the completion of the sale, the insider now directly owns 101,921 shares of the company’s stock, valued at $16,822,061.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Paul J. Krump sold 6,250 shares of the stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $160.06, for a total transaction of $1,000,375.00. Following the sale, the insider now directly owns 108,021 shares of the company’s stock, valued at $17,289,841.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,087 shares of company stock valued at $3,690,300. Insiders own 0.37% of the company’s stock.

NYSE:CB opened at $172.01 on Tuesday. Chubb Limited has a 1-year low of $93.10 and a 1-year high of $179.01. The company has a 50-day moving average of $163.41 and a 200 day moving average of $154.90. The firm has a market cap of $77.42 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 1.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32.

Chubb (NYSE:CB) last released its quarterly earnings data on Monday, April 26th. The financial services provider reported $2.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.07. The company had revenue of $8.04 billion during the quarter, compared to analyst estimates of $7.69 billion. Chubb had a net margin of 6.24% and a return on equity of 5.33%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.68 earnings per share. Sell-side analysts anticipate that Chubb Limited will post 7.02 EPS for the current fiscal year.

Chubb declared that its board has initiated a stock buyback plan on Wednesday, February 3rd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 1.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, April 9th. Shareholders of record on Friday, March 19th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, March 18th. Chubb’s payout ratio is 30.86%.

CB has been the topic of several research reports. Raymond James boosted their price target on shares of Chubb from $190.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 17th. Barclays boosted their price objective on shares of Chubb from $178.00 to $187.00 and gave the company an “overweight” rating in a research report on Monday, April 19th. Morgan Stanley boosted their price objective on shares of Chubb from $149.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 12th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $155.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 19th. Finally, Royal Bank of Canada boosted their price objective on shares of Chubb from $175.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, April 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $165.78.

About Chubb

Chubb Limited, through its subsidiaries, 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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

Further Reading: Dividend Yield

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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