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

Stephens Inc. AR boosted its position in shares of Chubb Limited (NYSE:CBFree Report) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,691 shares of the financial services provider’s stock after purchasing an additional 723 shares during the period. Stephens Inc. AR’s holdings in Chubb were worth $1,964,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Rossmore Private Capital increased its position in shares of Chubb by 1.6% during the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 41 shares during the last quarter. MCF Advisors LLC increased its position in shares of Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 42 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of Chubb by 5.2% during the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 44 shares during the last quarter. Valley National Advisers Inc. increased its position in shares of Chubb by 0.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock valued at $1,155,000 after acquiring an additional 44 shares during the last quarter. Finally, Sfmg LLC grew its holdings in shares of Chubb by 3.0% in the fourth quarter. Sfmg LLC now owns 1,533 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 45 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CB. The Goldman Sachs Group lifted their price objective on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, April 12th. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Citigroup restated a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Finally, HSBC restated a “hold” rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.70.

Read Our Latest Stock Report on CB

Chubb Stock Up 1.3 %

Shares of NYSE:CB opened at $267.22 on Friday. The company has a market capitalization of $108.51 billion, a PE ratio of 11.86, a P/E/G ratio of 4.30 and a beta of 0.66. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $275.41. The firm has a 50 day simple moving average of $255.30 and a 200-day simple moving average of $244.80.

Chubb (NYSE:CBGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.41 EPS. On average, equities analysts predict that Chubb Limited will post 21.23 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.91 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.64 annualized dividend and a yield of 1.36%. Chubb’s dividend payout ratio is 15.27%.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. 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 company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Insiders sold a total of 115,065 shares of company stock worth $29,518,703 in the last 90 days. 0.86% of the stock is owned by insiders.

About Chubb

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Chubb (NYSE:CB)

Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.