Bessemer Group Inc. Buys 2,389 Shares of Chubb Limited $CB

Bessemer Group Inc. raised its position in shares of Chubb Limited (NYSE:CB) by 16.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 16,639 shares of the financial services provider’s stock after purchasing an additional 2,389 shares during the quarter. Bessemer Group Inc.’s holdings in Chubb were worth $5,424,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CB. CBIZ Investment Advisory Services LLC raised its stake in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. Frazier Financial Advisors LLC boosted its position in Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC bought a new position in shares of Chubb in the 1st quarter worth about $29,000. Laurel Wealth Advisors LLC bought a new position in shares of Chubb in the 4th quarter worth about $31,000. Finally, Ares Financial Consulting LLC acquired a new position in Chubb in the fourth quarter valued at approximately $32,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $352.75 on Tuesday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $365.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $136.82 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.82 and a beta of 0.40. The company has a fifty day moving average price of $332.98 and a 200-day moving average price of $326.03.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion during the quarter. As a group, equities research analysts predict that Chubb Limited will post 26.75 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is 14.41%.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a research report on Monday. Evercore reissued an “outperform” rating and issued a $374.00 price target on shares of Chubb in a research report on Friday, July 10th. Citizens Jmp upped their price objective on shares of Chubb from $365.00 to $400.00 and gave the stock a “market outperform” rating in a report on Friday, July 10th. Morgan Stanley lifted their price objective on shares of Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Finally, HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and upped their target price for the stock from $370.00 to $373.00 in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $359.09.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.