Chubb Limited, a leading provider of financial services, has recently gained the attention of investment firm GPS Wealth Strategies Group LLC. In a strategic move during the first quarter of this year, GPS Wealth Strategies Group LLC purchased a new position in Chubb Limited worth $159,000, according to a recent filing with the Securities and Exchange Commission.
This development signifies an increasing interest in Chubb Limited’s stock. The acquisition of 820 shares by GPS Wealth Strategies Group LLC demonstrates their belief in the value and potential growth of Chubb Limited. With its solid reputation and track record in the financial services industry, Chubb Limited has become an attractive investment option for companies seeking profitable opportunities.
Moreover, on June 12th, the Board of Directors at Chubb announced an exciting share buyback plan. This initiative authorizes the company to repurchase up to $5.00 billion worth of shares. Such buyback programs are often regarded as favorable indicators by investors since they indicate that a company’s management perceives its shares to be undervalued in the market.
The authorization allows Chubb Limited to acquire approximately 6.4% of its own shares through open market purchases. This move not only demonstrates confidence from within but also reflects management’s commitment to enhancing shareholder value by utilizing its strong financial position.
As per latest updates on Thursday, June 29th, NYSE:CB opened at $184.97 per share. The company has maintained a relatively low debt-to-equity ratio of 0.27 and possesses liquidity with both current and quick ratios set at 0.36 each. Conversely, it is noteworthy that over the past year, Chubb Limited’s stock has demonstrated volatility with a high of $231.37 and a low of $173.78.
With that said, Chubb Limited maintains an impressive market capitalization amounting to $76.61 billion and boasts key financial metrics such as a price-to-earnings (P/E) ratio of 14.85 and a P/E to growth (P/E/G) ratio of 1.08. These figures suggest that Chubb Limited may be undervalued, further bolstering the confidence in the share buyback plan initiated by its Board of Directors.
In addition to these figures, investors can rely on Chubb Limited’s notable beta coefficient of 0.65, which indicates that the stock is less volatile than the market as a whole. This stability is an attractive feature for risk-averse investors seeking consistent returns.
As for moving averages, Chubb Limited’s 50-day simple moving average stands at $195.43, while its two-hundred day simple moving average records at $204.87. These indicators offer additional insights into the stock’s recent performance and potential future trends.
In conclusion, GPS Wealth Strategies Group LLC’s recent purchase of a new position in Chubb Limited exemplifies the growing interest surrounding this financial services provider. The subsequent announcement of a share buyback plan further strengthens investor confidence in Chubb Limited’s prospects and underscores management’s belief that its shares are currently undervalued.
With an impressive market capitalization and stable financial metrics, Chubb Limited has positioned itself as an attractive investment opportunity during uncertain economic times. As trading progresses in the coming months, it will be interesting to observe how Chubb Limited fares and whether its strategic initiatives pay off for both the company and its shareholders alike.
Reference Date: June 29, 2023
Updated on: 02/03/2024
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Strong Buy
4:00 AM (UTC)
Date:01 February, 2024
|Analyst / firm
Chubb Limited Attracts Institutional Investors and Impresses with Financial Performance
Chubb Limited, a renowned financial services provider, has seen recent activity from various institutional investors in terms of buying and selling its shares. Some notable investors include Price T Rowe Associates Inc. MD, Moneta Group Investment Advisors LLC, Geode Capital Management LLC, Wells Fargo & Company MN, and Bank of New York Mellon Corp. These investors have significantly boosted their positions in Chubb during the fourth quarter and now collectively own 87.39% of the company’s stock.
Price T Rowe Associates Inc. MD increased its position in Chubb by 6.9%, acquiring an additional 1,593,764 shares valued at $5,429,251,000. Similarly, Moneta Group Investment Advisors LLC raised its holdings in Chubb by an astounding 102,751.3%, obtaining an additional 8,281,754 shares worth $1,828,733,000.
In addition to these purchases by institutional investors, Geode Capital Management LLC also raised its holdings in Chubb by 0.7%. This increase represented an acquisition of 55,990 shares valued at $1,711781000. Wells Fargo & Company MN followed suit with a slight increase of 1.1% in their holdings of Chubb stock and now owns a total of 5,786479 shares worth $1,,276497000.
Furthermore,Bank of New York Mellon Corp exhibited a raise of 6.8% in their holdings during the third quarter bringing their total to value to$960755,million .
These activities demonstrate the strong investor confidence placed on Chubb Limited’s performance within the financial services sector.
Various analysts have weighed in on this development and provided their insights regarding Chubb’s future prospects. Piper Sandler increased their price target on Chubb shares from $240.00 to $245.00 and gave the stock an “overweight” rating based on their research report released on April 4th. JPMorgan Chase & Co. also raised their target price on Chubb shares from $239.00 to $241.00, reaffirming an “overweight” rating for the company in a research report published on March 31st.
However, not all analysts were as optimistic. Jefferies Financial Group reduced their price target on Chubb’s shares from $237.00 to $221.00 and assigned a “hold” rating to the stock in a report released on April 10th.Barlcays however lifted their price target from$2560000to$2600078.
Citigroup also provided valuable insights by upgrading its rating on Chubb shares from ‘neutral’ to ‘buy’. The company set a target price of $229, highlighting their confidence in Chubb’s potential.
With these varying opinions, Bloomberg indicates that the stock currently holds an average rating of Moderate Buy, with analysts’ consensus target price standing at $241.38.
Chubb recently released its quarterly earnings data on April 25th, reporting impressive results. The financial services provider surpassed analysts’ expectations by posting earnings per share (EPS) of $4.41 for the quarter compared to a consensus estimate of $4.37 EPS—an increase of $0.04.Chub exposed an operating margin of eleven point seven one percent and return on equity of thirteen point thirteen percent.Revenue for the quarter amounted to $9.42 billion,a nine point three percent increase when compared to the same period last year.
Looking forward, research analysts anticipate that Chubb Limited will post 17.67 EPS for the current fiscal year—a positive outlook indeed.
Furthermore,the company revealed a recent quarterly dividend announcement.Set to be paid on Friday, July 7th , shareholders registered as of Friday, June 16th will receive a dividend payment of $0.86 per share—a notable increase from its previous quarterly dividend of $0.83.
In conclusion, Chubb Limited’s recent activities with institutional investors and its impressive financial performance underscore the company’s position as a strong player in the financial services industry. With positive ratings and an average target price of $241.38, investors might find Chubb an attractive option for their portfolios.