MV Capital Management Inc. Raises Position in Chubb Limited (NYSE:CB)

MV Capital Management Inc. boosted its stake in Chubb Limited (NYSE:CB) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,508 shares of the financial services provider’s stock after buying an additional 326 shares during the period. MV Capital Management Inc.’s holdings in Chubb were worth $3,173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CB. Sunflower Bank N.A. lifted its holdings in shares of Chubb by 4.4% during the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 38 shares during the last quarter. Tandem Wealth Advisors LLC increased its position in shares of Chubb by 3.0% during the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 40 shares in the last quarter. Unison Advisors LLC increased its position in shares of Chubb by 0.3% during the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $3,742,000 after acquiring an additional 41 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Chubb by 1.6% during the fourth quarter. Lindbrook Capital LLC now owns 2,716 shares of the financial services provider’s stock valued at $750,000 after acquiring an additional 42 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its position in shares of Chubb by 1.7% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,467 shares of the financial services provider’s stock valued at $682,000 after acquiring an additional 42 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on CB. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a “buy” rating to a “hold” rating and set a $303.00 price target for the company. in a research report on Tuesday, May 20th. Morgan Stanley lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. UBS Group lifted their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective on shares of Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Finally, Barclays cut their price objective on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $307.53.

Insider Transactions at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at $5,820,978.04. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO John W. Keogh sold 9,794 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the sale, the chief operating officer now directly owns 247,538 shares of the company’s stock, valued at $72,526,158.62. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,619 shares of company stock valued at $35,758,738. Company insiders own 0.77% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB opened at $286.25 on Wednesday. The company has a market capitalization of $114.71 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 3.36 and a beta of 0.54. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91. The firm’s 50-day moving average is $287.07 and its 200 day moving average is $281.75. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.40. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, June 13th. This is a boost from Chubb’s previous quarterly dividend of $0.91. Chubb’s dividend payout ratio is presently 18.67%.

Chubb declared that its board has initiated a share buyback program on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management 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.