Banque Cantonale Vaudoise Invests $3.53 Million in Chubb Limited (NYSE:CB)

Banque Cantonale Vaudoise bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,698 shares of the financial services provider's stock, valued at approximately $3,533,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peoples Bank KS purchased a new stake in shares of Chubb in the first quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new stake in Chubb in the first quarter valued at approximately $25,000. North Capital Inc. purchased a new stake in Chubb in the first quarter valued at approximately $26,000. IMA Advisory Services Inc. purchased a new stake in Chubb in the first quarter valued at approximately $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Trading Up 0.5%

NYSE:CB traded up $1.36 during trading hours on Friday, hitting $267.40. The company had a trading volume of 3,214,985 shares, compared to its average volume of 1,821,994. The company has a market capitalization of $106.61 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 3.03 and a beta of 0.53. The stock has a 50-day moving average price of $282.61 and a 200 day moving average price of $282.34. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.38 earnings per share. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.5%. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. Chubb's dividend payout ratio (DPR) is presently 17.12%.

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

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent analyst reports. Evercore ISI set a $312.00 target price on shares of Chubb in a research note on Wednesday, July 23rd. Morgan Stanley lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Jefferies Financial Group lifted their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $301.50.

Insider Activity at Chubb

In other news, Director Michael Corbat acquired 425 shares of the stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director owned 2,450 shares of the company's stock, valued at $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $292.99, for a total value of $2,869,544.06. Following the transaction, the chief operating officer directly owned 247,538 shares of the company's stock, valued at $72,526,158.62. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,390 shares of company stock worth $29,163,135 over the last quarter. Corporate insiders own 0.77% of the company's stock.

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.