Kempner Capital Management Inc. Makes New $3.61 Million Investment in Chubb Limited (NYSE:CB)

Kempner Capital Management Inc. acquired a new position in Chubb Limited (NYSE:CB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,952 shares of the financial services provider’s stock, valued at approximately $3,609,000. Chubb makes up about 2.0% of Kempner Capital Management Inc.’s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of CB. Peoples Bank KS acquired a new position in shares of Chubb during the first quarter valued at $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chubb during the first quarter valued at $25,000. Sierra Ocean LLC acquired a new position in shares of Chubb during the fourth quarter valued at $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Chubb during the fourth quarter valued at $29,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Chubb during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 0.6%

NYSE:CB opened at $282.01 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $113.01 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 3.16 and a beta of 0.54. The stock has a 50-day moving average price of $287.89 and a two-hundred day moving average price of $281.66. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. As a group, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, June 13th. Chubb’s dividend payout ratio is currently 18.67%.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Piper Sandler upped their price target on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft downgraded Chubb from a “buy” rating to a “hold” rating and set a $303.00 price objective for the company. in a report on Tuesday, May 20th. 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. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Finally, UBS Group upped their price objective on Chubb from $303.00 to $304.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.53.

Insider Transactions at Chubb

In other news, COO John W. Keogh acquired 9,810 shares of Chubb stock in a transaction dated Friday, June 6th. The stock was bought at an average cost of $292.99 per share, with a total value of $2,874,231.90. Following the completion of the transaction, the chief operating officer now directly owns 247,538 shares of the company’s stock, valued at approximately $72,526,158.62. This represents a 4.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is owned by insiders.

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.