Mn Services Vermogensbeheer B.V. Trims Holdings in Chubb Limited $CB

Key Points

• Mn Services Vermogensbeheer B.V. reduced its holdings in Chubb Limited by 4.8% in the second quarter, selling 7,200 shares and now owning 142,270 shares valued at approximately $41.2 million.
• Chubb recently reported earnings of $6.14 per share, exceeding estimates, with revenue of $14.2 billion, up 6.3% year-over-year.
• The company has announced a quarterly dividend of $0.97, which will yield 1.4% and reflects a payout ratio of 17.12%.

Mn Services Vermogensbeheer B.V. lessened its holdings in Chubb Limited (NYSE:CB - Free Report) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 142,270 shares of the financial services provider's stock after selling 7,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Chubb were worth $41,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Modern Wealth Management LLC grew its position in Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider's stock valued at $744,000 after acquiring an additional 143 shares during the last quarter. Legato Capital Management LLC grew its position in shares of Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider's stock worth $3,080,000 after buying an additional 5,582 shares in the last quarter. Jump Financial LLC grew its position in shares of Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider's stock worth $2,470,000 after buying an additional 7,065 shares in the last quarter. Davis Rea LTD. bought a new position in shares of Chubb during the 1st quarter worth $5,117,000. Finally, First Horizon Advisors Inc. grew its position in shares of Chubb by 3.3% during the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock worth $13,070,000 after buying an additional 1,375 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CB shares. Keefe, Bruyette & Woods increased their price target on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. UBS Group decreased their price objective on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. Wells Fargo & Company decreased their price objective on Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. Evercore ISI set a $312.00 price objective on Chubb in a research note on Wednesday, July 23rd. Finally, Hsbc Global Res cut Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $303.06.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred on 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 approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Corbat acquired 425 shares of the company's 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 completion of 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 disclosure for this purchase can be found here. 0.77% of the stock is currently owned by company insiders.

Chubb Price Performance

CB traded down $0.28 during trading on Friday, hitting $274.00. The company's stock had a trading volume of 3,627,677 shares, compared to its average volume of 1,736,191. 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 twelve month low of $252.16 and a twelve month high of $306.91. The business's fifty day simple moving average is $273.76 and its 200 day simple moving average is $283.01. The firm has a market capitalization of $109.24 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 3.09 and a beta of 0.56.

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

Chubb Announces Dividend

The firm 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 $0.97 dividend. 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 dividend payout ratio (DPR) is presently 17.12%.

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.