Geneos Wealth Management Inc. Buys 1,908 Shares of Chubb Limited $CB

Geneos Wealth Management Inc. increased its stake in shares of Chubb Limited (NYSE:CB) by 18.2% during the first quarter, HoldingsChannel reports. The fund owned 12,392 shares of the financial services provider’s stock after acquiring an additional 1,908 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Chubb were worth $3,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Peoples Bank KS bought a new stake in Chubb in the 1st quarter valued at $25,000. Opal Wealth Advisors LLC bought a new stake in Chubb in the 1st quarter valued at $25,000. North Capital Inc. bought a new stake in Chubb in the 1st quarter valued at $26,000. IMA Advisory Services Inc. bought a new stake in Chubb in the 1st quarter valued at $31,000. Finally, 1248 Management LLC bought a new stake in Chubb in the 1st quarter valued at $31,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CB. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Barclays lowered shares of Chubb from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $321.00 to $298.00 in a report on Monday, July 7th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Wells Fargo & Company lowered their price target on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a report on Thursday, July 24th. Finally, Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $302.00.

Chubb Stock Up 0.1%

Shares of NYSE:CB opened at $277.37 on Thursday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The company’s fifty day moving average is $274.43 and its 200-day moving average is $283.27. The company has a market capitalization of $110.58 billion, a PE ratio of 12.23, a P/E/G ratio of 3.12 and a beta of 0.56.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter in the previous year, the company earned $5.38 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio is 17.12%.

Chubb declared that its Board of Directors has initiated a stock buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John J. Lupica sold 5,513 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. 0.77% 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.