Louisiana State Employees Retirement System Purchases Shares of 18,500 Chubb Limited $CB

Louisiana State Employees Retirement System purchased a new stake in shares of Chubb Limited (NYSE:CB) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,500 shares of the financial services provider’s stock, valued at approximately $6,030,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CB. First American Bank lifted its position in Chubb by 11.4% in the 1st quarter. First American Bank now owns 3,134 shares of the financial services provider’s stock worth $1,021,000 after buying an additional 320 shares during the last quarter. Trust Co. of Oklahoma grew its position in Chubb by 2.6% during the first quarter. Trust Co. of Oklahoma now owns 5,270 shares of the financial services provider’s stock valued at $1,718,000 after acquiring an additional 133 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Chubb by 3.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 11,388 shares of the financial services provider’s stock valued at $3,712,000 after acquiring an additional 367 shares during the last quarter. Brown Lisle Cummings Inc. raised its stake in shares of Chubb by 12.3% during the first quarter. Brown Lisle Cummings Inc. now owns 528 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 58 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in shares of Chubb by 47.4% during the first quarter. Banque Cantonale Vaudoise now owns 22,930 shares of the financial services provider’s stock worth $7,474,000 after acquiring an additional 7,374 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Up 3.1%

Shares of NYSE CB opened at $341.19 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The firm’s fifty day moving average is $325.13 and its 200 day moving average is $321.31. The company has a market cap of $132.33 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 1.69 and a beta of 0.41.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. On average, equities research analysts expect that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s payout ratio is currently 14.41%.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CB shares. Jefferies Financial Group cut their price objective on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. HSBC boosted their price target on shares of Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Wolfe Research upped their price target on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, Mizuho reduced their price objective on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $349.10.

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.