Stephens Inc. AR Increases Position in Chubb Limited (NYSE:CB)

Stephens Inc. AR raised its position in Chubb Limited (NYSE:CB) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,876 shares of the financial services provider’s stock after purchasing an additional 260 shares during the quarter. Stephens Inc. AR’s holdings in Chubb were worth $2,848,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb during the first quarter worth $25,000. Beacon Capital Management LLC increased its position in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Chubb during the second quarter worth $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb during the second quarter worth $28,000. Finally, Wellington Shields Capital Management LLC purchased a new stake in shares of Chubb during the first quarter worth $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent research reports. JMP Securities upped their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America increased their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Royal Bank of Canada increased their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company dropped their target price on Chubb from $269.00 to $266.00 and set an “equal weight” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $287.26.

Insider Transactions at Chubb

In other news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $277.41 on Monday. Chubb Limited has a fifty-two week low of $215.54 and a fifty-two week high of $302.05. The company has a market capitalization of $111.82 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. The firm has a 50-day simple moving average of $288.23 and a 200-day simple moving average of $271.01. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.31 and a current ratio of 0.28.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the firm earned $4.95 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Chubb Limited will post 21.6 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.31%. Chubb’s dividend payout ratio (DPR) is 14.91%.

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.