LRI Investments LLC Acquires New Position in Chubb Limited (NYSE:CB)

LRI Investments LLC purchased a new position in Chubb Limited (NYSE:CB) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,357 shares of the financial services provider’s stock, valued at approximately $345,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alphinity Investment Management Pty Ltd raised its holdings in Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after buying an additional 324,019 shares during the period. ING Groep NV increased its stake in Chubb by 175,378.1% in the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock worth $25,381,000 after purchasing an additional 112,242 shares during the period. Graypoint LLC increased its stake in Chubb by 1,275.7% in the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after purchasing an additional 29,302 shares during the period. Bison Wealth LLC purchased a new stake in Chubb in the fourth quarter worth $263,000. Finally, Van Leeuwen & Company LLC increased its stake in Chubb by 602.7% in the fourth quarter. Van Leeuwen & Company LLC now owns 7,941 shares of the financial services provider’s stock worth $1,795,000 after purchasing an additional 6,811 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

CB stock traded up $8.45 during trading on Friday, hitting $270.06. 1,653,253 shares of the company traded hands, compared to its average volume of 1,399,890. The stock’s 50-day simple moving average is $262.03 and its 200 day simple moving average is $253.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.36 and a quick ratio of 0.29. The company has a market cap of $109.66 billion, a PE ratio of 11.99, a P/E/G ratio of 5.04 and a beta of 0.66. Chubb Limited has a 1 year low of $198.10 and a 1 year high of $275.41.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period last year, the company earned $4.92 earnings per share. Chubb’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts expect that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a $0.91 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, June 14th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Roth Mkm increased their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday. Piper Sandler reiterated an “overweight” rating and issued a $282.00 target price on shares of Chubb in a research note on Monday, April 1st. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Evercore ISI increased their target price on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chubb has an average rating of “Hold” and a consensus target price of $270.05.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the sale, the director now directly owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the sale, the director now directly owns 39,295 shares in the company, valued at $10,597,861.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,552 shares of company stock valued at $12,149,985. Company insiders own 0.86% of the company’s stock.

Chubb 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.