Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Has $842,000 Position in Chubb Limited $CB

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group reduced its holdings in shares of Chubb Limited (NYSE:CB) by 29.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,907 shares of the financial services provider’s stock after selling 1,223 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Chubb were worth $842,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CB. Brighton Jones LLC grew its holdings in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Chubb during the 4th quarter worth about $205,000. GAMMA Investing LLC boosted its position in shares of Chubb by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock worth $2,084,000 after purchasing an additional 1,258 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Chubb by 22.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,058 shares of the financial services provider’s stock worth $13,950,000 after purchasing an additional 8,600 shares in the last quarter. Finally, 3Chopt Investment Partners LLC bought a new position in shares of Chubb during the 1st quarter worth about $235,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE CB opened at $281.86 on Monday. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The stock has a market cap of $112.38 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 2.82 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.34. The firm’s 50-day simple moving average is $277.65 and its 200 day simple moving average is $280.88.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter last year, the firm earned $5.72 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. The Goldman Sachs Group increased their price objective on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. Finally, HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and cut their price objective for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $306.42.

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.