Chubb Limited $CB Shares Purchased by Van Lanschot Kempen Investment Management N.V.

Key Points

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Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 512,291 shares of the financial services provider's stock after purchasing an additional 51,264 shares during the period. Chubb accounts for approximately 1.6% of Van Lanschot Kempen Investment Management N.V.'s investment portfolio, making the stock its 18th biggest holding. Van Lanschot Kempen Investment Management N.V. owned about 0.13% of Chubb worth $154,707,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Legacy Financial Advisors Inc. increased its position 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 in the last quarter. Paradigm Capital Management LLC NV increased its position 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 in the last quarter. Lincoln Capital LLC increased its position 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 in the last quarter. Alpha Family Trust acquired a new position in shares of Chubb during the first quarter worth $326,000. Finally, Brooklyn Investment Group increased its position in shares of Chubb by 58.7% during the first quarter. Brooklyn Investment Group now owns 4,233 shares of the financial services provider's stock worth $1,278,000 after purchasing an additional 1,565 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. UBS Group reduced their price target on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Citigroup assumed coverage on shares of Chubb in a report on Wednesday, August 13th. They set a "buy" rating and a $326.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Wells Fargo & Company dropped their price objective on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Finally, Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $321.00 to $298.00 in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $302.00.

Insiders Place Their Bets

In other news, COO John W. Keogh acquired 9,810 shares of the firm's stock in a transaction on Friday, June 6th. The stock was acquired at an average price of $292.99 per share, for a total transaction of $2,874,231.90. Following the completion of the transaction, the chief operating officer owned 247,538 shares in the company, valued at approximately $72,526,158.62. The trade was a 4.13% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Corbat acquired 425 shares of the firm's stock in a transaction on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.77% of the company's stock.

Chubb Stock Performance

NYSE:CB traded down $1.4450 during mid-day trading on Friday, hitting $277.3750. The company's stock had a trading volume of 1,401,699 shares, compared to its average volume of 1,895,244. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $110.59 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 3.15 and a beta of 0.53. The business's fifty day moving average is $276.76 and its two-hundred day moving average is $282.53.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results 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 net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same period in the prior year, the company earned $5.38 earnings per share. The firm's revenue was up 6.3% on a year-over-year basis. Analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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 given a $0.97 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb's dividend payout ratio is 17.12%.

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