Chubb Limited (NYSE:CB) Stock Position Lifted by PDS Planning Inc

PDS Planning Inc boosted its stake in shares of Chubb Limited (NYSE:CB) by 3.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,564 shares of the financial services provider’s stock after purchasing an additional 91 shares during the period. PDS Planning Inc’s holdings in Chubb were worth $774,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Balefire LLC grew its position in Chubb by 17.2% during the first quarter. Balefire LLC now owns 3,338 shares of the financial services provider’s stock valued at $1,008,000 after purchasing an additional 490 shares in the last quarter. Penobscot Investment Management Company Inc. grew its position in Chubb by 5.2% in the first quarter. Penobscot Investment Management Company Inc. now owns 8,557 shares of the financial services provider’s stock worth $2,584,000 after acquiring an additional 421 shares in the last quarter. Security National Bank grew its position in Chubb by 3.9% in the first quarter. Security National Bank now owns 8,110 shares of the financial services provider’s stock worth $2,449,000 after acquiring an additional 301 shares in the last quarter. Phillips Wealth Planners LLC grew its position in Chubb by 18.2% in the first quarter. Phillips Wealth Planners LLC now owns 1,702 shares of the financial services provider’s stock worth $482,000 after acquiring an additional 262 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its position in Chubb by 4.6% in the first quarter. Perigon Wealth Management LLC now owns 8,424 shares of the financial services provider’s stock worth $2,544,000 after acquiring an additional 370 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Morgan Stanley boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Jefferies Financial Group boosted 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. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $307.53.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh acquired 9,810 shares of Chubb stock in a transaction dated Friday, June 6th. The stock was bought at an average cost 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 approximately $72,526,158.62. The trade was a 4.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.77% of the company’s stock.

Chubb Stock Performance

NYSE CB 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 firm has a market capitalization of $113.78 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 3.15 and a beta of 0.54. The company’s fifty day moving average is $287.84 and its two-hundred day moving average is $281.65. Chubb Limited has a 52-week low of $251.42 and a 52-week high of $306.91.

Chubb (NYSE:CB) last posted its quarterly 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. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The business also recently declared 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 represents a $3.88 annualized dividend and a yield of 1.37%. This is a positive change from Chubb’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. Chubb’s dividend payout ratio (DPR) is currently 18.67%.

Chubb declared that its board has approved a share repurchase program on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.