Capital A Wealth Management LLC Acquires New Position in Chubb Limited (NYSE:CB)

Capital A Wealth Management LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 135 shares of the financial services provider’s stock, valued at approximately $37,000.

Other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Chubb during the 4th quarter valued at approximately $29,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb during the 4th quarter valued at approximately $29,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb during the 4th quarter valued at approximately $30,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of 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 valued at $34,000 after acquiring an additional 89 shares during the period. Finally, Human Investing LLC bought a new position in shares of Chubb during the 4th quarter valued at approximately $36,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Wells Fargo & Company boosted their price target on Chubb from $268.00 to $278.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Finally, UBS Group boosted their price target on Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus price target of $307.53.

Chubb Stock Down 0.3%

Shares of CB opened at $286.31 on Tuesday. The stock has a market capitalization of $114.73 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The business’s 50 day simple moving average is $288.01 and its 200-day simple moving average is $281.12. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its quarterly earnings data 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. The business had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, June 13th. This is a positive change from Chubb’s previous quarterly dividend of $0.91. Chubb’s dividend payout ratio is presently 18.67%.

Chubb declared that its Board of Directors has approved a stock buyback plan 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 buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of the 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 sale, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. This represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,553 shares of company stock worth $43,257,220. Company insiders own 0.77% of the company’s stock.

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.