Chubb Limited $CB Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its position in shares of Chubb Limited (NYSE:CB) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,270 shares of the financial services provider’s stock after selling 7,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Chubb were worth $41,218,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Wedmont Private Capital grew its holdings in Chubb by 4.6% during the second quarter. Wedmont Private Capital now owns 6,237 shares of the financial services provider’s stock worth $1,746,000 after acquiring an additional 272 shares during the period. Swedbank AB grew its holdings in Chubb by 1.4% during the second quarter. Swedbank AB now owns 242,214 shares of the financial services provider’s stock worth $70,178,000 after acquiring an additional 3,277 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Chubb by 4.0% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,118 shares of the financial services provider’s stock worth $15,679,000 after acquiring an additional 2,083 shares during the period. Focus Financial Network Inc. grew its holdings in Chubb by 19.6% during the second quarter. Focus Financial Network Inc. now owns 1,519 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 249 shares during the period. Finally, Signal Advisors Wealth LLC acquired a new position in Chubb during the second quarter worth about $1,857,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In other Chubb news, 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 cost of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director owned 2,450 shares of the company’s stock, valued at $661,010. The trade was a 20.99% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the firm’s stock in a transaction dated 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 owned 91,180 shares of the company’s stock, valued at $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. Morgan Stanley lowered their target price on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Cantor Fitzgerald raised Chubb to a “hold” rating in a report on Wednesday, August 13th. HSBC cut Chubb from a “buy” rating to a “hold” rating and dropped their price target for the stock from $317.00 to $300.00 in a research note on Friday, August 1st. Citigroup initiated coverage on shares of Chubb in a research note on Wednesday, August 13th. They set a “buy” rating and a $326.00 price objective for the company. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus price target of $303.06.

Chubb Price Performance

CB stock opened at $272.14 on Thursday. 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 one year low of $252.16 and a one year high of $306.91. The firm has a market capitalization of $108.50 billion, a PE ratio of 12.00, a P/E/G ratio of 3.07 and a beta of 0.56. The firm has a 50-day moving average of $273.96 and a two-hundred day moving average of $283.18.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same period last year, the company posted $5.38 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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

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.