Clearview Wealth Advisors LLC Has $435,000 Stock Position in Chubb Limited (NYSE:CB)

Clearview Wealth Advisors LLC cut its stake in shares of Chubb Limited (NYSE:CB) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,440 shares of the financial services provider’s stock after selling 47 shares during the period. Clearview Wealth Advisors LLC’s holdings in Chubb were worth $435,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Peoples Bank KS acquired a new stake in Chubb in the 1st quarter worth about $25,000. Opal Wealth Advisors LLC bought a new position in Chubb during the 1st quarter worth $25,000. Crowley Wealth Management Inc. acquired a new position in Chubb in the 4th quarter valued at $29,000. Cherry Tree Wealth Management LLC lifted its position in shares of Chubb by 56.6% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 43 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 89 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $288.19 on Tuesday. The firm has a market capitalization of $115.48 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 3.16 and a beta of 0.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $287.88 and its 200-day moving average price is $281.56. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 15.05% and a return on equity of 12.37%. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

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

Chubb Increases Dividend

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

Insider Buying and Selling

In other news, COO John W. Keogh sold 9,794 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the completion of the transaction, the chief operating officer now directly owns 247,538 shares in the company, valued at $72,526,158.62. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CB. Piper Sandler raised their price target on Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Jefferies Financial Group upped their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Raymond James Financial reiterated a “strong-buy” rating on shares of Chubb in a research report on Thursday, April 24th. UBS Group raised their target price on Chubb from $303.00 to $304.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Finally, Morgan Stanley lifted their price target on Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $307.53.

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.