Groupama Asset Managment Has $9.03 Million Stock Holdings in Chubb Limited $CB

Key Points

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Groupama Asset Managment grew its position in Chubb Limited (NYSE:CB - Free Report) by 12.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 30,447 shares of the financial services provider's stock after buying an additional 3,323 shares during the period. Groupama Asset Managment's holdings in Chubb were worth $9,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Chubb by 11.1% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 512,291 shares of the financial services provider's stock worth $154,707,000 after purchasing an additional 51,264 shares during the period. Legacy Financial Advisors Inc. grew its stake in shares of Chubb by 4.2% during the first quarter. Legacy Financial Advisors Inc. now owns 2,728 shares of the financial services provider's stock worth $824,000 after purchasing an additional 110 shares during the period. Paradigm Capital Management LLC NV grew its stake in shares of Chubb by 5.8% during the first quarter. Paradigm Capital Management LLC NV now owns 1,470 shares of the financial services provider's stock worth $444,000 after purchasing an additional 80 shares during the period. Lincoln Capital LLC grew its stake in shares of Chubb by 0.6% during the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider's stock worth $2,022,000 after purchasing an additional 39 shares during the period. Finally, Alpha Family Trust acquired a new stake in shares of Chubb during the first quarter worth $326,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of analyst reports. Evercore ISI set a $312.00 price objective on Chubb in a research note on Wednesday, July 23rd. Wells Fargo & Company cut their price target on Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their price target on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. 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 note on Monday, July 7th. Finally, Piper Sandler restated a "neutral" rating and issued a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $302.00.

Insider Buying and Selling

In related news, insider John J. Lupica sold 5,513 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Corbat bought 425 shares of Chubb stock in a transaction on Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their position. The disclosure for this purchase can be found here. 0.77% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of NYSE CB traded down $1.4450 during trading hours on Friday, reaching $277.3750. 1,401,699 shares of the stock were exchanged, compared to its average volume of 1,895,244. The firm has a market capitalization of $110.59 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 3.15 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The stock's fifty day simple moving average is $276.76 and its 200 day simple moving average is $282.53.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $5.38 earnings per share. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

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

Chubb announced that its Board of Directors has authorized a share buyback 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 buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Chubb 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.