Accelerate Investment Advisors LLC Makes New $208,000 Investment in Chubb Limited (NYSE:CB)

Accelerate Investment Advisors LLC bought a new position in shares of Chubb Limited (NYSE:CB) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 688 shares of the financial services provider’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Chubb by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider’s stock worth $10,072,097,000 after acquiring an additional 271,648 shares during the last quarter. FMR LLC lifted its position in shares of Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider’s stock worth $4,329,173,000 after purchasing an additional 91,892 shares during the period. Capital World Investors lifted its position in shares of Chubb by 1.9% in the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider’s stock worth $3,172,194,000 after purchasing an additional 212,889 shares during the period. Capital Research Global Investors lifted its position in shares of Chubb by 1.5% in the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider’s stock worth $2,457,402,000 after purchasing an additional 131,075 shares during the period. Finally, Demars Financial Group LLC lifted its position in shares of Chubb by 16.4% in the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock worth $1,884,004,000 after purchasing an additional 878,177 shares during the period. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CB has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of 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. Wells Fargo & Company boosted their price target on shares of Chubb from $268.00 to $278.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price target 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. UBS Group boosted their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Finally, Morgan Stanley boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. Two 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $307.53.

Chubb Stock Performance

CB opened at $283.87 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average price is $287.94 and its two-hundred day moving average price is $281.66. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91. The company has a market cap of $113.76 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 3.19 and a beta of 0.54.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share 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 the consensus estimate of $11.22 billion. On average, analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

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

Chubb declared that its board has authorized a stock buyback plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 12,231 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now owns 78,422 shares in the company, valued at $23,120,374.04. This represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John W. Keogh bought 9,810 shares of the stock in a transaction dated Friday, June 6th. The stock was purchased at an average price of $292.99 per share, with a total value of $2,874,231.90. Following the acquisition, the chief operating officer now owns 247,538 shares of the company’s stock, valued at $72,526,158.62. The trade was a 4.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 107,108 shares of company stock worth $31,169,977. Insiders own 0.86% 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.