Clal Insurance Enterprises Holdings Ltd Acquires 94 Shares of Chubb Limited (NYSE:CB)

Clal Insurance Enterprises Holdings Ltd raised its holdings in Chubb Limited (NYSE:CB) by 391.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118 shares of the financial services provider’s stock after purchasing an additional 94 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Chubb were worth $36,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors raised its position in shares of Chubb by 1.9% during the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider’s stock worth $3,172,194,000 after acquiring an additional 212,889 shares during the last quarter. Capital Research Global Investors raised its position in shares of Chubb by 1.5% during the fourth quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider’s stock worth $2,457,402,000 after acquiring an additional 131,075 shares during the last quarter. Demars Financial Group LLC raised its position in shares of Chubb by 16.4% during the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock worth $1,884,004,000 after acquiring an additional 878,177 shares during the last quarter. Royal Bank of Canada raised its position in shares of Chubb by 46.7% during the fourth quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider’s stock worth $1,217,392,000 after acquiring an additional 1,403,545 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Chubb by 15.3% during the fourth quarter. Northern Trust Corp now owns 3,923,754 shares of the financial services provider’s stock worth $1,084,133,000 after acquiring an additional 522,049 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.0%

Shares of Chubb stock opened at $271.12 on Tuesday. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The business has a 50-day moving average of $279.44 and a two-hundred day moving average of $282.57. The company has a market capitalization of $108.09 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

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

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, June 13th. This is a boost from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s dividend payout ratio is 17.12%.

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

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent research reports. Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. HSBC downgraded Chubb from a “buy” rating to a “hold” rating and dropped their price objective for the company from $317.00 to $300.00 in a report on Friday, August 1st. Morgan Stanley upped their price objective on Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Wells Fargo & Company dropped their price objective on Chubb from $285.00 to $267.00 and set an “equal weight” rating for the company in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods upped their price objective on Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $301.50.

Insider Buying and Selling

In related news, insider John J. Lupica sold 5,513 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John W. Keogh sold 85,083 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the transaction, the chief operating officer owned 237,728 shares of the company’s stock, valued at approximately $68,998,174.72. The trade was a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,390 shares of company stock worth $29,163,135. 0.86% of the stock is owned by corporate insiders.

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.