Buckley Wealth Management LLC Invests $467,000 in Chubb Ltd (CB)
Buckley Wealth Management LLC bought a new position in shares of Chubb Ltd (NYSE:CB) in the fourth quarter, HoldingsChannel reports. The firm bought 3,198 shares of the financial services provider’s stock, valued at approximately $467,000.
Several other large investors also recently modified their holdings of CB. California Public Employees Retirement System raised its stake in Chubb by 7.7% during the third quarter. California Public Employees Retirement System now owns 1,131,724 shares of the financial services provider’s stock valued at $161,327,000 after purchasing an additional 81,255 shares in the last quarter. Alpha Cubed Investments LLC raised its stake in Chubb by 5.0% during the third quarter. Alpha Cubed Investments LLC now owns 95,674 shares of the financial services provider’s stock valued at $13,638,000 after purchasing an additional 4,515 shares in the last quarter. First Manhattan Co. raised its stake in Chubb by 0.3% during the fourth quarter. First Manhattan Co. now owns 464,260 shares of the financial services provider’s stock valued at $67,842,000 after purchasing an additional 1,324 shares in the last quarter. Unison Advisors LLC purchased a new stake in Chubb during the fourth quarter valued at $1,158,000. Finally, Epoch Investment Partners Inc. raised its stake in Chubb by 0.6% during the third quarter. Epoch Investment Partners Inc. now owns 2,089,344 shares of the financial services provider’s stock valued at $297,836,000 after purchasing an additional 11,569 shares in the last quarter. Hedge funds and other institutional investors own 87.40% of the company’s stock.
In other news, insider Timothy Alan Boroughs sold 18,611 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $151.22, for a total value of $2,814,355.42. Following the sale, the insider now owns 201,165 shares of the company’s stock, valued at $30,420,171.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 95,761 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the completion of the sale, the chief executive officer now directly owns 1,367,229 shares in the company, valued at approximately $199,013,853.24. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.
Shares of Chubb Ltd (CB) opened at $144.61 on Tuesday. Chubb Ltd has a 12 month low of $132.25 and a 12 month high of $157.50. The firm has a market cap of $67,089.37, a price-to-earnings ratio of 17.64, a PEG ratio of 1.34 and a beta of 0.95. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.23.
Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.86. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The business had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the prior year, the firm posted $2.72 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. sell-side analysts expect that Chubb Ltd will post 10.76 EPS for the current year.
Chubb announced that its Board of Directors has authorized a stock buyback plan on Thursday, December 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 29th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Thursday, December 28th. Chubb’s dividend payout ratio is currently 34.63%.
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Chubb Company Profile
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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