Lake Street Advisors Group LLC Buys 971 Shares of Chubb Limited (NYSE:CB)

Lake Street Advisors Group LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 38.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,494 shares of the financial services provider’s stock after acquiring an additional 971 shares during the period. Lake Street Advisors Group LLC’s holdings in Chubb were worth $908,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. ZRC Wealth Management LLC bought a new stake in Chubb in the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. bought a new position in Chubb in the 4th quarter worth approximately $29,000. Wellington Shields Capital Management LLC purchased a new position in Chubb during the first quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Chubb in the fourth quarter worth about $32,000. Finally, Northwest Financial Advisors purchased a new stake in shares of Chubb during the 4th quarter worth approximately $33,000. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Shares of NYSE CB traded up $3.00 during mid-day trading on Thursday, reaching $263.04. The company’s stock had a trading volume of 372,305 shares, compared to its average volume of 1,643,834. The stock has a 50-day moving average of $262.18 and a two-hundred day moving average of $253.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $106.81 billion, a P/E ratio of 11.54, a P/E/G ratio of 6.16 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 released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.94%. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the prior year, the firm earned $4.92 EPS. Chubb’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities research analysts anticipate that Chubb Limited will post 20.95 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were given a dividend of $0.91 per share. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.38%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Insiders Place Their Bets

In other news, EVP Juan Luis Ortega sold 2,400 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $11,648,059.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Chubb news, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at $11,648,059.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,552 shares of company stock valued at $12,149,985. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of several recent research reports. The Goldman Sachs Group upped their target price on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $285.00 target price on shares of Chubb in a report on Friday, June 28th. Piper Sandler restated an “overweight” rating and set a $282.00 price target on shares of Chubb in a report on Monday, April 1st. Roth Mkm lifted their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and an average target price of $269.55.

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.