Kempner Capital Management Inc. Sells 5,550 Shares of Chubb Limited $CB

Kempner Capital Management Inc. cut its holdings in Chubb Limited (NYSE:CB) by 46.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,402 shares of the financial services provider’s stock after selling 5,550 shares during the quarter. Kempner Capital Management Inc.’s holdings in Chubb were worth $1,807,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Chubb in the 2nd quarter worth $1,195,137,000. Bank of America Corp DE increased its holdings in Chubb by 11.6% in the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after purchasing an additional 513,852 shares during the last quarter. London Co. of Virginia lifted its stake in Chubb by 211.0% in the second quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after buying an additional 500,116 shares during the period. Altrinsic Global Advisors LLC boosted its holdings in Chubb by 46.9% during the second quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock worth $403,535,000 after buying an additional 444,557 shares during the last quarter. Finally, Troy Asset Management Ltd grew its position in shares of Chubb by 89.1% during the 2nd quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock worth $229,872,000 after buying an additional 373,872 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.1%

Shares of NYSE:CB opened at $313.51 on Friday. The firm has a market cap of $123.38 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 3.58 and a beta of 0.51. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $314.68. The company’s fifty day simple moving average is $294.47 and its 200 day simple moving average is $283.55. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.72 EPS. As a group, research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is 16.19%.

Wall Street Analysts Forecast Growth

CB has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. UBS Group increased their target price on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Morgan Stanley set a $310.00 price target on shares of Chubb in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $283.00 target price on shares of Chubb in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $311.90.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares in the company, valued at $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 57,333 shares of company stock valued at $16,629,873 in the last ninety days. 0.77% of the stock is currently owned by corporate insiders.

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.