Lawson Kroeker Investment Management Inc. NE Acquires Shares of 48,521 Chubb Limited $CB

Lawson Kroeker Investment Management Inc. NE acquired a new position in Chubb Limited (NYSE:CB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 48,521 shares of the financial services provider’s stock, valued at approximately $13,695,000. Chubb accounts for approximately 2.5% of Lawson Kroeker Investment Management Inc. NE’s investment portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its stake in shares of Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares during the period. 1248 Management LLC acquired a new position in Chubb in the 1st quarter valued at $31,000. WPG Advisers LLC acquired a new position in shares of Chubb during the 1st quarter worth about $33,000. VSM Wealth Advisory LLC bought a new position in Chubb during the second quarter worth $32,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Chubb during the third quarter worth about $34,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the transaction, the executive vice president directly owned 12,660 shares of the company’s stock, valued at $3,749,512.20. This trade represents a 45.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.86% of the stock is owned by corporate insiders.

Chubb Trading Up 0.3%

Shares of CB stock opened at $314.27 on Tuesday. The stock has a 50 day simple moving average of $295.39 and a 200 day simple moving average of $283.69. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $315.08. The stock has a market cap of $123.68 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.51.

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

Chubb Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Jefferies Financial Group boosted their target price on Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $309.00 price target on shares of Chubb in a research report on Monday, October 27th. Citigroup increased their target price on shares of Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Finally, Bank of America raised their price objective on Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $311.90.

Chubb Profile

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.