RFG Advisory LLC Has $369,000 Stake in Chubb Limited (NYSE:CB)

RFG Advisory LLC raised its holdings in Chubb Limited (NYSE:CB) by 36.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,423 shares of the financial services provider’s stock after buying an additional 380 shares during the period. RFG Advisory LLC’s holdings in Chubb were worth $369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Chubb in the fourth quarter valued at approximately $957,756,000. Confluence Investment Management LLC acquired a new position in Chubb during the first quarter worth $165,932,000. Bank of Nova Scotia raised its position in Chubb by 198.8% during the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after acquiring an additional 518,535 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after acquiring an additional 495,860 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Chubb by 19,454.2% in the 4th quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock valued at $1,096,860,000 after acquiring an additional 482,854 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Stock Up 0.6 %

CB stock opened at $266.12 on Tuesday. The company has a market cap of $108.06 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 6.38 and a beta of 0.66. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $275.41. The business has a 50-day simple moving average of $258.17 and a 200 day simple moving average of $247.80.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company earned $4.41 EPS. Sell-side analysts anticipate that Chubb Limited will post 21.19 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. HSBC reaffirmed a “hold” rating and issued a $270.00 target price (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. Keefe, Bruyette & Woods reduced their target price on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a research note on Tuesday, May 7th. JMP Securities restated a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a research note on Monday, April 15th. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.70.

Insider Activity

In related news, 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 sale, the chief operating officer now directly owns 284,136 shares in the company, valued at approximately $71,596,589.28. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Annmarie T. Hagan sold 1,529 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the transaction, the chief accounting officer now directly owns 7,718 shares in the company, valued at $2,036,085.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John W. Keogh sold 34,707 shares of the stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,552 shares of company stock worth $12,149,985. Insiders own 0.86% of the company’s stock.

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.