Chubb Limited $CB Shares Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its stake in shares of Chubb Limited (NYSE:CB) by 47.4% during the first quarter, Holdings Channel reports. The fund owned 22,930 shares of the financial services provider’s stock after acquiring an additional 7,374 shares during the period. Banque Cantonale Vaudoise’s holdings in Chubb were worth $7,474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC increased its holdings in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of Chubb in the 4th quarter valued at about $31,000. Ares Financial Consulting LLC acquired a new stake in shares of Chubb during the 4th quarter worth about $32,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb during the 3rd quarter worth about $31,000. Finally, Cherry Tree Wealth Management LLC lifted its stake in Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Weiss Ratings downgraded Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, June 12th. Bank of America cut their price objective on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. BMO Capital Markets boosted their price objective on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. The Goldman Sachs Group lowered their target price on shares of Chubb from $372.00 to $362.00 and set a “buy” rating for the company in a report on Monday, June 8th. Finally, Mizuho dropped their target price on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $349.10.

Insider Buying and Selling

In other news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Chubb Price Performance

CB stock opened at $335.22 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $130.02 billion, a P/E ratio of 11.84, a PEG ratio of 1.70 and a beta of 0.41. The business has a 50 day simple moving average of $324.76 and a 200-day simple moving average of $320.92. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion for the quarter. As a group, equities analysts anticipate that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid a $1.02 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, June 12th. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Chubb 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.