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

Mn Services Vermogensbeheer B.V. increased its stake in shares of Chubb Limited (NYSE:CB) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,970 shares of the financial services provider’s stock after acquiring an additional 1,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Chubb were worth $40,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CB. Harbor Capital Advisors Inc. boosted its stake in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC increased its stake in shares of Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after buying an additional 56 shares during the period. VSM Wealth Advisory LLC bought a new stake in Chubb during the 2nd quarter valued at $32,000. Heartwood Wealth Advisors LLC bought a new stake in Chubb during the 3rd quarter valued at $34,000. Finally, Financial Consulate Inc. purchased a new stake in Chubb during the 3rd quarter valued at $37,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 850 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $295.19, for a total value of $250,911.50. Following the sale, the executive vice president directly owned 1,585 shares of the company’s stock, valued at $467,876.15. This represents a 34.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 over the last ninety days. Company insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CB shares. Wolfe Research boosted their price objective on shares of Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a report on Monday, November 24th. The Goldman Sachs Group raised Chubb from a “neutral” rating to a “buy” rating and upped their price target for the company from $309.00 to $351.00 in a research report on Wednesday, January 7th. Finally, HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $354.00 price objective for the company in a report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $323.81.

Chubb Price Performance

CB stock opened at $300.93 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a 1 year low of $263.14 and a 1 year high of $316.94. The firm has a 50-day moving average of $303.93 and a 200 day moving average of $286.54. The company has a market cap of $118.43 billion, a P/E ratio of 12.56, a PEG ratio of 3.28 and a beta of 0.51.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the prior year, the business earned $5.72 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio is presently 16.19%.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.