Leuthold Group LLC Acquires New Shares in Chubb Limited (NYSE:CB)

Leuthold Group LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,703 shares of the financial services provider’s stock, valued at approximately $3,033,000.

A number of other hedge funds have also recently made changes to their positions in CB. Bard Financial Services Inc. increased its holdings in Chubb by 3.7% in the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 40 shares in the last quarter. Rossmore Private Capital increased its holdings in shares of Chubb by 1.6% during the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 41 shares in the last quarter. Equitable Trust Co. increased its holdings in shares of Chubb by 1.4% during the first quarter. Equitable Trust Co. now owns 2,986 shares of the financial services provider’s stock valued at $774,000 after acquiring an additional 41 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 42 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of Chubb by 11.1% during the first quarter. Newbridge Financial Services Group Inc. now owns 422 shares of the financial services provider’s stock valued at $109,000 after buying an additional 42 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Chubb news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, 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 through this link. Also, EVP Peter C. Enns sold 8,200 shares of the company’s 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 directly owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. Insiders have sold a total of 47,552 shares of company stock worth $12,149,985 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

Chubb Trading Up 0.3 %

NYSE:CB traded up $0.80 during trading hours on Friday, hitting $258.79. The company had a trading volume of 547,553 shares, compared to its average volume of 1,644,890. The company has a market capitalization of $105.08 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 6.21 and a beta of 0.66. The stock has a 50-day moving average price of $260.45 and a 200 day moving average price of $250.53. Chubb Limited has a 52 week low of $186.52 and a 52 week high of $275.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly 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 business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the previous year, the business posted $4.41 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts predict that Chubb Limited will post 20.95 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were paid a $0.91 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.41%. Chubb’s payout ratio is presently 16.16%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CB. Keefe, Bruyette & Woods cut their target price on Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Morgan Stanley cut their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Evercore ISI boosted their price objective on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Piper Sandler reaffirmed an “overweight” rating and set a $282.00 price target on shares of Chubb in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. upped their price target on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus target price of $267.65.

Chubb Company 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.