Banco Santander S.A. Has $1.34 Million Stock Holdings in Chubb Ltd (NYSE:CB)

Banco Santander S.A. lowered its position in Chubb Ltd (NYSE:CB) by 9.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,579 shares of the financial services provider’s stock after selling 948 shares during the period. Banco Santander S.A.’s holdings in Chubb were worth $1,342,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc increased its holdings in shares of Chubb by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock worth $4,982,160,000 after purchasing an additional 417,887 shares in the last quarter. Dupont Capital Management Corp boosted its stake in shares of Chubb by 17.8% in the 4th quarter. Dupont Capital Management Corp now owns 6,705 shares of the financial services provider’s stock worth $866,000 after buying an additional 1,011 shares during the last quarter. ETF Managers Group LLC boosted its stake in shares of Chubb by 18.1% in the 4th quarter. ETF Managers Group LLC now owns 972 shares of the financial services provider’s stock worth $126,000 after buying an additional 149 shares during the last quarter. IndexIQ Advisors LLC boosted its stake in shares of Chubb by 57.0% in the 4th quarter. IndexIQ Advisors LLC now owns 51,192 shares of the financial services provider’s stock worth $6,613,000 after buying an additional 18,580 shares during the last quarter. Finally, Hartford Investment Management Co. lifted its position in Chubb by 0.9% during the fourth quarter. Hartford Investment Management Co. now owns 63,478 shares of the financial services provider’s stock valued at $8,200,000 after purchasing an additional 578 shares in the last quarter. 89.00% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on CB shares. ValuEngine raised Chubb from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. Zacks Investment Research upgraded Chubb from a “sell” rating to a “hold” rating in a research report on Wednesday, May 22nd. UBS Group lowered Chubb from a “buy” rating to a “neutral” rating and boosted their target price for the company from $146.00 to $154.00 in a research report on Thursday, May 23rd. Barclays upped their target price on Chubb from $160.00 to $167.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Finally, Atlantic Securities lowered Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 target price for the company. in a report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $146.90.

In other Chubb news, CEO Evan G. Greenberg sold 215,648 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $148.84, for a total value of $32,097,048.32. Following the completion of the transaction, the chief executive officer now owns 1,002,730 shares of the company’s stock, valued at approximately $149,246,333.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Krump sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $150.00, for a total transaction of $600,000.00. Following the completion of the transaction, the insider now directly owns 123,865 shares of the company’s stock, valued at approximately $18,579,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 342,146 shares of company stock valued at $50,781,622. 0.47% of the stock is owned by insiders.

CB traded up $0.55 during midday trading on Monday, hitting $147.84. 1,785,852 shares of the company were exchanged, compared to its average volume of 1,500,127. The stock has a market cap of $67.84 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.40 and a beta of 0.73. Chubb Ltd has a 1-year low of $119.54 and a 1-year high of $152.00. The business has a 50 day moving average of $147.49. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.05. The firm had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.55 billion. Chubb had a net margin of 11.55% and a return on equity of 8.76%. During the same period last year, the company posted $2.34 EPS. On average, research analysts anticipate that Chubb Ltd will post 10.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 21st will be issued a $0.75 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $3.00 dividend on an annualized basis and a yield of 2.03%. Chubb’s dividend payout ratio is presently 31.78%.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and 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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