5,144 Shares in Chubb Limited (NYSE:CB) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,144 shares of the financial services provider's stock, valued at approximately $1,417,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Point72 Europe London LLP acquired a new position in Chubb during the fourth quarter worth $2,017,000. Prana Capital Management LP acquired a new position in shares of Chubb in the fourth quarter valued at $61,614,000. Quantinno Capital Management LP increased its holdings in shares of Chubb by 26.5% in the fourth quarter. Quantinno Capital Management LP now owns 37,945 shares of the financial services provider's stock valued at $10,484,000 after purchasing an additional 7,951 shares during the last quarter. Paradigm Capital Management LLC NV increased its holdings in shares of Chubb by 11.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 1,390 shares of the financial services provider's stock valued at $384,000 after purchasing an additional 145 shares during the last quarter. Finally, Mufg Securities Americas Inc. acquired a new position in shares of Chubb in the fourth quarter valued at $1,529,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on CB. JMP Securities reiterated a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Barclays decreased their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Finally, Raymond James reiterated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Chubb has an average rating of "Moderate Buy" and a consensus target price of $307.86.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the transaction, the executive vice president now owns 78,422 shares in the company, valued at $23,120,374.04. This trade represents a 13.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This trade represents a 33.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.77% of the stock is currently owned by insiders.

Chubb Trading Up 0.7%

Shares of Chubb stock opened at $294.19 on Friday. The company has a market capitalization of $117.89 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 3.36 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The firm's 50-day moving average price is $288.43 and its two-hundred day moving average price is $280.69.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a $0.97 dividend. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is 17.52%.

Chubb declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Chubb Company Profile

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.

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