Czech National Bank Increases Stock Holdings in Chubb Limited $CB

Czech National Bank raised its stake in shares of Chubb Limited (NYSE:CB) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,171 shares of the financial services provider’s stock after purchasing an additional 3,076 shares during the period. Czech National Bank’s holdings in Chubb were worth $26,580,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CB. Brighton Jones LLC increased its position in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Chubb in the fourth quarter valued at about $205,000. American Century Companies Inc. lifted its stake in shares of Chubb by 3.3% in the first quarter. American Century Companies Inc. now owns 94,407 shares of the financial services provider’s stock worth $28,510,000 after buying an additional 3,014 shares in the last quarter. Legacy Financial Advisors Inc. lifted its stake in Chubb by 4.2% in the 1st 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. Finally, Credit Agricole S A grew its position in shares of Chubb by 7.8% in the first quarter. Credit Agricole S A now owns 107,832 shares of the financial services provider’s stock valued at $32,564,000 after purchasing an additional 7,831 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.6%

NYSE CB opened at $312.84 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $123.12 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 3.55 and a beta of 0.51. The firm has a 50 day simple moving average of $289.74 and a 200-day simple moving average of $282.58. Chubb Limited has a one year low of $252.16 and a one year high of $313.46.

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

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a $0.97 dividend. The ex-dividend date is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 16.19%.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $296.17, for a total value of $3,133,478.60. Following the completion of the transaction, the executive vice president owned 12,660 shares in the company, valued at $3,749,512.20. The trade was a 45.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John J. Lupica sold 23,698 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 57,333 shares of company stock valued at $16,629,873 in the last three months. 0.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a research report on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Chubb in a research report on Wednesday, December 10th. JPMorgan Chase & Co. increased their price objective on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Barclays lifted their target price on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Mizuho initiated coverage on Chubb in a research report on Monday. They set a “neutral” rating and a $318.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $311.90.

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.