Valeo Financial Advisors LLC Increases Position in Chubb Limited (NYSE:CB)

Valeo Financial Advisors LLC raised its position in Chubb Limited (NYSE:CB) by 3.2% during the first quarter, HoldingsChannel reports. The firm owned 4,840 shares of the financial services provider’s stock after buying an additional 148 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Chubb were worth $1,254,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CB. ZRC Wealth Management LLC acquired a new position in shares of Chubb in the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb in the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb in the 4th quarter valued at $32,000. Northwest Financial Advisors acquired a new position in shares of Chubb in the 4th quarter valued at $33,000. Finally, Naples Money Management LLC acquired a new position in shares of Chubb in the 4th quarter valued at $34,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup restated a “neutral” rating and issued a $275.00 target price (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Piper Sandler reiterated an “overweight” rating and set a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. Evercore ISI increased their price target on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $285.00 price target on shares of Chubb in a research note on Friday, June 28th. Finally, HSBC reiterated a “hold” rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $266.70.

Chubb Price Performance

Shares of CB traded down $1.49 during trading hours on Wednesday, reaching $254.08. The company had a trading volume of 734,797 shares, compared to its average volume of 1,671,835. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $259.48 and a 200-day simple moving average of $249.28. Chubb Limited has a 12-month low of $186.52 and a 12-month high of $275.41. The company has a market capitalization of $103.17 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 6.16 and a beta of 0.66.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the firm posted $4.41 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. Research analysts expect that Chubb Limited will post 21.03 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.91 per share. This is an increase from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, June 14th. Chubb’s dividend payout ratio (DPR) is 16.16%.

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 dated Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the sale, the director now directly owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the sale, the chief accounting officer now directly owns 7,718 shares in the company, valued at $2,036,085.58. The disclosure for this sale can be found here. In the last three months, insiders sold 47,552 shares of company stock worth $12,149,985. 0.86% of the stock is owned by corporate insiders.

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.