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Chubb Ltd. reports strong Q1 earnings, announces dividend and share buyback amid major stake adjustments.
Financial firm Creative Financial Designs Inc. ADV significantly reduced its stake in Chubb Limited (CB) by 87.5%, while others like Cohen Investment Advisors LLC increased their holdings.
Chubb reported a strong Q1 with earnings of $3.68 per share, beating estimates by $0.40.
The company also announced a quarterly dividend of $0.97, yielding 1.36%, and plans to repurchase up to 4.3% of its shares.
Analysts expect Chubb to post 21.52 EPS for the year.
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Chubb Ltd. informa fuertes ganancias del primer trimestre, anuncia dividendos y recompra de acciones en medio de importantes ajustes de participación.