Chubb Limited (NYSE:CB) Shares Bought by Everhart Financial Group Inc.

Everhart Financial Group Inc. raised its position in shares of Chubb Limited (NYSE:CB) by 11.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,969 shares of the financial services provider’s stock after purchasing an additional 196 shares during the quarter. Everhart Financial Group Inc.’s holdings in Chubb were worth $595,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CB. Sunflower Bank N.A. grew its position in Chubb by 4.4% during the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 38 shares during the period. Tandem Wealth Advisors LLC boosted its stake in shares of Chubb by 3.0% in the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider’s stock worth $382,000 after buying an additional 40 shares during the last quarter. Unison Advisors LLC boosted its stake in shares of Chubb by 0.3% in the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $3,742,000 after buying an additional 41 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Chubb by 1.6% during the fourth quarter. Lindbrook Capital LLC now owns 2,716 shares of the financial services provider’s stock worth $750,000 after acquiring an additional 42 shares during the period. Finally, Sage Mountain Advisors LLC raised its position in Chubb by 1.7% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,467 shares of the financial services provider’s stock valued at $682,000 after acquiring an additional 42 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on CB. Wells Fargo & Company upped their price objective on Chubb from $268.00 to $278.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 24th. Raymond James reissued a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. Piper Sandler upped their price objective on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft cut Chubb from a “buy” rating to a “hold” rating and set a $303.00 target price on the stock. in a research report on Tuesday, May 20th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $307.53.

Chubb Stock Performance

NYSE CB opened at $286.59 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock’s 50 day simple moving average is $287.72 and its 200-day simple moving average is $281.78. The company has a market cap of $114.84 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.54. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be paid a $0.97 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, June 13th. Chubb’s dividend payout ratio (DPR) is currently 18.67%.

Chubb announced that its board has authorized a stock repurchase plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, COO John W. Keogh bought 9,810 shares of the company’s stock in a transaction on Friday, June 6th. The stock was bought at an average cost of $292.99 per share, for a total transaction of $2,874,231.90. Following the acquisition, the chief operating officer now directly owns 247,538 shares in the company, valued at $72,526,158.62. This represents a 4.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the transaction, the executive vice president now owns 78,422 shares in the company, valued at approximately $23,120,374.04. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,856 shares of company stock worth $35,537,155. 0.77% of the stock is owned by insiders.

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.