Versant Capital Management Inc Has $58,000 Stock Holdings in Chubb Limited (NYSE:CB)

Versant Capital Management Inc grew its position in shares of Chubb Limited (NYSE:CB) by 160.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229 shares of the financial services provider’s stock after purchasing an additional 141 shares during the quarter. Versant Capital Management Inc’s holdings in Chubb were worth $58,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CB. Alphinity Investment Management Pty Ltd lifted its stake in shares of Chubb by 155.8% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after acquiring an additional 324,019 shares during the period. ING Groep NV lifted its stake in shares of Chubb by 175,378.1% in the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock worth $25,381,000 after acquiring an additional 112,242 shares during the period. Graypoint LLC lifted its stake in shares of Chubb by 1,275.7% in the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after acquiring an additional 29,302 shares during the period. Bison Wealth LLC acquired a new position in shares of Chubb in the fourth quarter worth approximately $263,000. Finally, Van Leeuwen & Company LLC lifted its stake in shares of Chubb by 602.7% in the fourth quarter. Van Leeuwen & Company LLC now owns 7,941 shares of the financial services provider’s stock worth $1,795,000 after acquiring an additional 6,811 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Down 1.5 %

Shares of NYSE:CB traded down $4.14 during mid-day trading on Tuesday, hitting $265.18. 2,104,322 shares of the company traded hands, compared to its average volume of 1,661,917. The stock has a market cap of $107.68 billion, a P/E ratio of 11.77, a P/E/G ratio of 5.21 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $198.10 and a 12-month high of $277.91. The stock has a 50-day moving average price of $262.97 and a two-hundred day moving average price of $255.70.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.92 earnings per share. On average, equities research analysts forecast that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were given a dividend of $0.91 per share. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. Chubb’s payout ratio is presently 16.16%.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Chubb news, CAO Annmarie T. Hagan sold 1,529 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the transaction, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now directly owns 284,136 shares in the company, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Insiders have sold a total of 47,552 shares of company stock valued at $12,149,985 over the last 90 days. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CB shares. William Blair lowered Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Royal Bank of Canada lifted their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JMP Securities lifted their target price on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. Roth Mkm lifted their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $270.79.

Chubb Company 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.