Kempner Capital Management Inc. Acquires New Shares in Chubb Limited (NYSE:CB)

Kempner Capital Management Inc. acquired a new position in Chubb Limited (NYSE:CB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,952 shares of the financial services provider's stock, valued at approximately $3,609,000. Chubb makes up about 2.0% of Kempner Capital Management Inc.'s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CB. Brighton Jones LLC lifted its position in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Chubb during the 4th quarter worth about $205,000. Van ECK Associates Corp lifted its position in Chubb by 2.9% during the 4th quarter. Van ECK Associates Corp now owns 13,391 shares of the financial services provider's stock worth $3,700,000 after acquiring an additional 381 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in shares of Chubb in the 4th quarter valued at about $1,320,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Morgan Stanley boosted their price objective on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Barclays cut their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $307.53.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 85,083 shares of the business's stock in a transaction that occurred 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 now directly owns 237,728 shares in the company, valued at $68,998,174.72. The trade was a 26.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.77% of the company's stock.

Chubb Price Performance

NYSE:CB traded up $1.46 during trading hours on Friday, hitting $283.61. 2,389,071 shares of the stock were exchanged, compared to its average volume of 1,617,447. Chubb Limited has a 52-week low of $251.42 and a 52-week high of $306.91. The firm's fifty day moving average price is $287.88 and its 200 day moving average price is $281.60. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $113.65 billion, a P/E ratio of 13.65, a P/E/G ratio of 3.14 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 EPS 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 dividend of $0.97 per share. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, June 13th. Chubb's payout ratio is currently 18.67%.

Chubb declared that its Board of Directors has authorized a stock buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors 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.