Credit Agricole S A Has $32.56 Million Position in Chubb Limited $CB

Key Points

• Credit Agricole S A increased its stake in Chubb Limited by 7.8% during the first quarter, after acquiring an additional 7,831 shares, bringing its total to 107,832 shares worth approximately $32.56 million.
• Chubb recently reported quarterly earnings of $6.14 EPS, exceeding analysts' expectations, with revenue up 6.3% year-over-year to $14.20 billion.
• The company declared a quarterly dividend of $0.97 to be paid on October 3rd, resulting in an annualized dividend yield of 1.4%.

Credit Agricole S A boosted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 7.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,832 shares of the financial services provider's stock after buying an additional 7,831 shares during the period. Credit Agricole S A's holdings in Chubb were worth $32,564,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CB. Brighton Jones LLC boosted its stake in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Chubb during the fourth quarter valued at $205,000. Bank Pictet & Cie Europe AG bought a new position in shares of Chubb during the fourth quarter valued at $1,320,000. MML Investors Services LLC lifted its holdings in shares of Chubb by 6.8% during the fourth quarter. MML Investors Services LLC now owns 50,971 shares of the financial services provider's stock valued at $14,083,000 after acquiring an additional 3,255 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Chubb by 254.3% during 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 acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group cut their price objective on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Barclays cut Chubb from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $321.00 to $298.00 in a report on Monday, July 7th. Morgan Stanley cut their price objective on Chubb from $300.00 to $295.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective for the company. in a report on Tuesday, May 20th. Finally, Hsbc Global Res cut Chubb from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Chubb currently has a consensus rating of "Hold" and a consensus price target of $302.00.

Insiders Place Their Bets

In other news, Director Michael Corbat acquired 425 shares of the company's stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company's stock, valued at $661,010. This trade represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction dated 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 directly owned 91,180 shares of the company's stock, valued at $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.77% of the company's stock.

Chubb Price Performance

Shares of Chubb stock traded down $1.4450 during trading on Friday, reaching $277.3750. The company's stock had a trading volume of 1,401,699 shares, compared to its average volume of 1,895,244. The stock has a 50-day moving average price of $276.76 and a two-hundred day moving average price of $282.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The stock has a market capitalization of $110.59 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 3.15 and a beta of 0.53.

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 (EPS) for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $5.38 earnings per share. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. Chubb's payout ratio is currently 17.12%.

Chubb announced that its Board of Directors has authorized a stock buyback program on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

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.