KBC Group NV Cuts Stock Position in Chubb Limited (NYSE:CB)

KBC Group NV reduced its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,442 shares of the financial services provider's stock after selling 2,678 shares during the quarter. KBC Group NV's holdings in Chubb were worth $20,367,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Financial Insights Inc. purchased a new stake in shares of Chubb during the first quarter worth about $253,000. Cohen Investment Advisors LLC increased its holdings in Chubb by 2,408.4% during the 1st quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider's stock worth $88,456,000 after purchasing an additional 281,234 shares during the last quarter. Little House Capital LLC acquired a new position in shares of Chubb in the 1st quarter valued at approximately $706,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Chubb by 0.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 994,430 shares of the financial services provider's stock valued at $300,308,000 after buying an additional 5,048 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in shares of Chubb by 9.1% during the first quarter. Golden State Wealth Management LLC now owns 549 shares of the financial services provider's stock worth $166,000 after buying an additional 46 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Up 0.7%

Shares of Chubb stock traded up $1.91 on Friday, hitting $281.99. 1,523,457 shares of the company's stock traded hands, compared to its average volume of 1,637,475. The company has a market capitalization of $113.00 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 3.16 and a beta of 0.53. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The company has a fifty day moving average of $287.90 and a two-hundred day moving average of $281.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data 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. Chubb had a net margin of 15.05% and a return on equity of 12.37%. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. As a group, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.38%. Chubb's dividend payout ratio is 18.67%.

Chubb announced that its board has authorized a stock repurchase plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

CB has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research note on Tuesday, May 20th. Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Jefferies Financial Group increased their price objective on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Barclays lowered their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 85,083 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the transaction, the chief operating officer directly owned 237,728 shares in the company, valued at approximately $68,998,174.72. This trade represents a 26.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,390 shares of company stock worth $29,163,135 in the last 90 days. 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.