Raiffeisen Bank International AG Invests $1.42 Million in Chubb Limited (NYSE:CB)

Raiffeisen Bank International AG acquired a new position in shares of Chubb Limited (NYSE:CB) in the 4th quarter, HoldingsChannel reports. The fund acquired 5,144 shares of the financial services provider’s stock, valued at approximately $1,417,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after acquiring an additional 388,746 shares during the last quarter. California Public Employees Retirement System raised its stake in Chubb by 1.1% in the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider’s stock valued at $373,110,000 after acquiring an additional 14,610 shares during the period. Canopy Partners LLC grew its holdings in Chubb by 94.4% during the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider’s stock valued at $1,331,000 after buying an additional 2,340 shares in the last quarter. Vista Investment Partners II LLC bought a new stake in shares of Chubb during the fourth quarter valued at about $2,442,000. Finally, Boston Common Asset Management LLC increased its position in shares of Chubb by 8.0% during the fourth quarter. Boston Common Asset Management LLC now owns 91,460 shares of the financial services provider’s stock valued at $25,270,000 after buying an additional 6,792 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several analyst reports. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods decreased their price target on Chubb from $316.00 to $314.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Raymond James reiterated a “strong-buy” rating on shares of Chubb in a research report on Thursday, April 24th. Finally, UBS Group upped their price target on Chubb from $303.00 to $304.00 and gave the company a “neutral” rating in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $307.86.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. This represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This trade represents a 11.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last ninety days. Insiders own 0.77% of the company’s stock.

Chubb Stock Up 0.7%

CB stock opened at $294.19 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $288.43 and its 200 day moving average is $280.69. The stock has a market cap of $117.89 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a dividend of $0.97 per share. 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 yield of 1.32%. The ex-dividend date of this dividend is Friday, June 13th. Chubb’s dividend payout ratio (DPR) is presently 17.52%.

Chubb announced that its board has authorized a share repurchase plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

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.