Independent Financial Group LLC Makes New Investment in Chubb Limited $CB

Independent Financial Group LLC purchased a new position in shares of Chubb Limited (NYSE:CB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,624 shares of the financial services provider’s stock, valued at approximately $529,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC raised its position in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. Frazier Financial Advisors LLC grew its position in shares of Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 38 shares during the period. Merkkuri Wealth Advisors LLC acquired a new position in shares of Chubb in the 1st quarter valued at approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in Chubb during the 4th quarter worth approximately $31,000. Finally, Ares Financial Consulting LLC bought a new stake in Chubb during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In other news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.37% of the stock is currently owned by corporate insiders.

Chubb Stock Up 2.8%

CB stock opened at $352.96 on Friday. The company has a market cap of $136.90 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 1.77 and a beta of 0.40. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $365.29. The business has a 50 day moving average price of $334.84 and a two-hundred day moving average price of $326.86. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $16.01 billion for the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the prior year, the business posted $6.14 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Analysts anticipate that Chubb Limited will post 26.88 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. This is an increase from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s payout ratio is currently 14.43%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CB. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $354.00 price target on shares of Chubb in a research note on Wednesday. Piper Sandler raised their price objective on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. UBS Group boosted their price objective on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 29th. Finally, Morgan Stanley boosted their price target on Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $360.09.

Key Headlines Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb beat Q2 expectations, with earnings and revenue both coming in above consensus, helped by stronger P&C underwriting, lower catastrophe losses, and record investment income. CB Q2 Earnings Beat on Higher Underwriting and Investment Income
• Positive Sentiment: Analysts turned more constructive after earnings, with Goldman Sachs reiterating a Buy rating and JPMorgan and Citizens JMP raising price targets, signaling expectations for continued upside. Chubb Earns Buy Rating on Strong Core EPS and Resilient Underwriting Despite Softer Property-Casualty Markets
• Positive Sentiment: The earnings call and follow-up coverage highlighted resilient underwriting and strong core EPS, suggesting Chubb’s margins are holding up even as parts of the property-casualty market soften. Chubb Ltd Earnings Call Balances Strength and Strain

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.