Kemper Corp Master Retirement Trust Cuts Position in Chubb Ltd (CB)

Kemper Corp Master Retirement Trust trimmed its position in Chubb Ltd (NYSE:CB) by 14.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 20,500 shares of the financial services provider’s stock after selling 3,500 shares during the period. Chubb accounts for 1.7% of Kemper Corp Master Retirement Trust’s investment portfolio, making the stock its 21st biggest holding. Kemper Corp Master Retirement Trust’s holdings in Chubb were worth $2,740,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Trust LLC purchased a new stake in Chubb in the second quarter valued at $102,000. ELM Advisors LLC purchased a new stake in Chubb in the third quarter valued at $103,000. Honkamp Krueger Financial Services Inc. purchased a new stake in Chubb in the third quarter valued at $113,000. Legacy Advisors LLC boosted its holdings in Chubb by 1,612.0% in the third quarter. Legacy Advisors LLC now owns 856 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 806 shares during the last quarter. Finally, Daiwa SB Investments Ltd. purchased a new stake in Chubb in the third quarter valued at $198,000. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Evan G. Greenberg sold 227,994 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the completion of the transaction, the chief executive officer now owns 1,583,326 shares in the company, valued at approximately $222,124,804.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $133.27, for a total transaction of $159,924.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 244,207 shares of company stock worth $34,237,330. Corporate insiders own 0.44% of the company’s stock.

CB stock opened at $133.51 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Ltd has a 52-week low of $120.50 and a 52-week high of $157.50. The stock has a market cap of $61.63 billion, a PE ratio of 16.63, a PEG ratio of 1.34 and a beta of 1.01.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.02. Chubb had a net margin of 15.37% and a return on equity of 9.71%. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same period in the prior year, the company posted ($0.13) EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Chubb Ltd will post 9.98 earnings per share for the current fiscal year.

Chubb declared that its board has authorized a stock repurchase program on Thursday, November 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 21st will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, December 20th. Chubb’s payout ratio is currently 36.36%.

Several research firms have commented on CB. Wells Fargo & Co reaffirmed a “buy” rating on shares of Chubb in a report on Wednesday, August 8th. Credit Suisse Group began coverage on shares of Chubb in a report on Tuesday, August 7th. They issued a “neutral” rating and a $150.00 price target on the stock. ValuEngine raised shares of Chubb from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Finally, Deutsche Bank lowered shares of Chubb from a “hold” rating to a “sell” rating and lowered their target price for the stock from $135.00 to $126.00 in a research note on Monday, August 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Chubb has an average rating of “Hold” and a consensus target price of $157.10.

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Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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