Chubb Limited (NYSE:CB) Shares Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 5.1% during the first quarter, HoldingsChannel reports. The fund owned 1,217 shares of the financial services provider’s stock after acquiring an additional 59 shares during the quarter. Sivia Capital Partners LLC’s holdings in Chubb were worth $368,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sunflower Bank N.A. boosted its stake in Chubb by 4.4% during the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 38 shares during the last quarter. Perkins Coie Trust Co lifted its position in shares of Chubb by 0.5% in the 1st quarter. Perkins Coie Trust Co now owns 18,599 shares of the financial services provider’s stock worth $5,616,000 after buying an additional 101 shares during the last quarter. Stokes Capital Advisors LLC lifted its position in shares of Chubb by 1.7% in the 1st quarter. Stokes Capital Advisors LLC now owns 26,239 shares of the financial services provider’s stock worth $7,924,000 after buying an additional 446 shares during the last quarter. Constitution Capital LLC bought a new position in shares of Chubb in the 1st quarter worth about $302,000. Finally, Stablepoint Partners LLC lifted its position in shares of Chubb by 1.9% in the 1st quarter. Stablepoint Partners LLC now owns 5,163 shares of the financial services provider’s stock worth $1,559,000 after buying an additional 95 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

Shares of CB opened at $293.95 on Friday. The firm’s 50 day moving average is $287.64 and its 200-day moving average is $281.71. The stock has a market capitalization of $117.79 billion, a P/E ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.54. 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 Limited has a 12-month low of $251.42 and a 12-month high of $306.91.

Chubb (NYSE:CB) last announced 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. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The company had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $11.22 billion. Equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.32%. This is a boost from Chubb’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. Chubb’s dividend payout ratio (DPR) is presently 18.67%.

Chubb announced that its board has approved a stock repurchase program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CB shares. Piper Sandler raised their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. UBS Group lifted their price objective on shares of Chubb from $303.00 to $304.00 and gave the company a “neutral” rating in a research report on Monday, April 28th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Morgan Stanley raised their target price on shares of Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. Finally, 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 note on Friday, April 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb has an average rating of “Moderate Buy” and a consensus target price of $307.53.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO John W. Keogh sold 85,083 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the sale, the chief operating officer now owns 237,728 shares of the company’s stock, valued at approximately $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,553 shares of company stock worth $40,387,620 over the last ninety days. 0.77% of the stock is currently owned by company insiders.

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.