Stifel Financial Corp Raises Stake in Chubb Limited (NYSE:CB)

Stifel Financial Corp boosted its holdings in Chubb Limited (NYSE:CB) by 0.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 684,986 shares of the financial services provider’s stock after buying an additional 1,093 shares during the period. Stifel Financial Corp’s holdings in Chubb were worth $189,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CB. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock valued at $102,840,000 after buying an additional 130,629 shares during the period. Czech National Bank grew its position in Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after acquiring an additional 4,757 shares in the last quarter. Barclays PLC lifted its position in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Chubb by 1.1% in the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider’s stock valued at $373,110,000 after purchasing an additional 14,610 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Chubb by 133.9% in the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 316 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a research note on Wednesday, March 5th. Wells Fargo & Company dropped their target price on Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Jefferies Financial Group lifted their price objective on Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods cut their target price on Chubb from $329.00 to $316.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $307.21.

Chubb Stock Down 1.8 %

Shares of NYSE:CB opened at $280.39 on Tuesday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $306.91. The company’s fifty day moving average is $284.92 and its two-hundred day moving average is $281.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a market capitalization of $112.35 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.30%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the transaction, the executive vice president now owns 78,422 shares of the company’s stock, valued at approximately $23,120,374.04. This trade represents a 13.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 in the last ninety days. Company insiders own 0.86% of the company’s stock.

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.