Chubb Limited (NYSE:CB) Shares Acquired by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group grew its position in Chubb Limited (NYSE:CB) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,130 shares of the financial services provider’s stock after acquiring an additional 72 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Chubb were worth $1,247,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. California Public Employees Retirement System lifted its holdings in Chubb by 1.1% in the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider’s stock valued at $373,110,000 after acquiring an additional 14,610 shares during the period. Canopy Partners LLC lifted its holdings in Chubb by 94.4% in the fourth quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider’s stock valued at $1,331,000 after acquiring an additional 2,340 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Chubb by 15.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider’s stock valued at $760,853,000 after acquiring an additional 366,559 shares during the period. First Horizon Advisors Inc. lifted its holdings in Chubb by 3.3% in the first quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider’s stock valued at $13,070,000 after acquiring an additional 1,375 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in Chubb by 9.1% in the first quarter. Golden State Wealth Management LLC now owns 549 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 46 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Chubb news, insider John J. Lupica sold 5,513 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the sale, the insider owned 91,180 shares in the company, valued at $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO John W. Keogh sold 85,083 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the sale, the chief operating officer directly owned 237,728 shares in the company, valued at $68,998,174.72. This represents a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,390 shares of company stock valued at $29,163,135 over the last ninety days. 0.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CB. Keefe, Bruyette & Woods raised their price target on Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft cut Chubb from a “buy” rating to a “hold” rating and set a $303.00 price target for the company. in a research report on Tuesday, May 20th. Jefferies Financial Group raised their price target on Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Barclays cut Chubb from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $307.13.

Chubb Stock Up 0.4%

NYSE:CB traded up $1.08 during trading hours on Friday, hitting $276.54. 438,022 shares of the company’s stock traded hands, compared to its average volume of 1,644,447. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The stock’s fifty day moving average price is $286.47 and its two-hundred day moving average price is $282.21. The firm has a market cap of $110.82 billion, a P/E ratio of 13.31, a P/E/G ratio of 3.09 and a beta of 0.53.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb declared that its board has authorized a stock buyback program on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were given a dividend of $0.97 per share. This is a boost from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, June 13th. Chubb’s dividend payout ratio is currently 18.67%.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.