Valeo Financial Advisors LLC Purchases 148 Shares of Chubb Limited (NYSE:CB)

Valeo Financial Advisors LLC boosted its position in Chubb Limited (NYSE:CB) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,840 shares of the financial services provider’s stock after acquiring 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 filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

CB has been the subject of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and set a $282.00 target price on shares of Chubb in a report on Monday, April 1st. Citigroup reiterated a “neutral” rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a report on Thursday, March 14th. Bank of America upgraded shares of Chubb from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $244.00 to $266.00 in a report on Thursday, May 23rd. Roth Mkm reiterated a “buy” rating and set a $280.00 target price on shares of Chubb in a report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $266.70.

Chubb Stock Down 0.6 %

Shares of CB traded down $1.49 on Wednesday, hitting $254.08. 734,797 shares of the stock traded hands, compared to its average volume of 1,671,835. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a one year low of $186.52 and a one year high of $275.41. The company has a market capitalization of $103.17 billion, a PE ratio of 11.31, a P/E/G ratio of 6.16 and a beta of 0.66. The business has a 50 day simple moving average of $259.48 and a 200 day simple moving average of $249.28.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.41 EPS. As a group, equities analysts forecast that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

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

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $11,648,059.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,552 shares of company stock worth $12,149,985. Insiders own 0.86% of the company’s stock.

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.