DDD Partners LLC Has $24.59 Million Position in Chubb Limited (NYSE:CB)

by · The Cerbat Gem

DDD Partners LLC cut its holdings in Chubb Limited (NYSE:CB – Free Report) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,418 shares of the financial services provider’s stock after selling 2,903 shares during the period. Chubb makes up 3.0% of DDD Partners LLC’s investment portfolio, making the stock its 5th biggest holding. DDD Partners LLC’s holdings in Chubb were worth $24,587,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CB. Sunflower Bank N.A. lifted its position in Chubb by 4.4% during the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 38 shares during the last quarter. Avantax Planning Partners Inc. lifted its position in Chubb by 5.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 38 shares during the last quarter. Tandem Wealth Advisors LLC lifted its position in Chubb by 3.0% during the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 40 shares during the last quarter. Unison Advisors LLC lifted its position in Chubb by 0.3% during the 4th quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $3,742,000 after acquiring an additional 41 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. raised its position in shares of Chubb by 5.6% during the first quarter. Fortitude Advisory Group L.L.C. now owns 798 shares of the financial services provider’s stock valued at $227,000 after buying an additional 42 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO John W. Keogh sold 9,794 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the sale, the chief operating officer directly owned 247,538 shares of the company’s stock, valued at $72,526,158.62. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,390 shares of company stock worth $29,163,135 over the last ninety days. Insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock opened at $275.63 on Wednesday. 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 stock has a market capitalization of $110.45 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 3.12 and a beta of 0.53. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The firm’s 50-day moving average price is $287.00 and its two-hundred day moving average price is $282.25.

Chubb (NYSE:CB – Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. The firm had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. On average, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

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

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.41%. This is a boost from Chubb’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 13th. Chubb’s dividend payout ratio is currently 18.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CB shares. Piper Sandler upped their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Wells Fargo & Company upped their price objective on shares of Chubb from $278.00 to $285.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a “buy” rating to a “hold” rating and set a $303.00 price objective for the company. in a research report on Tuesday, May 20th. Barclays lowered shares of Chubb from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $321.00 to $298.00 in a research report on Monday, July 7th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $307.13.

Read Our Latest Analysis on Chubb

Chubb Profile

(Free Report)

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.

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