Chubb Limited (NYSE:CB) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp grew its holdings in Chubb Limited (NYSE:CB) by 0.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 684,986 shares of the financial services provider’s stock after acquiring an additional 1,093 shares during the quarter. Stifel Financial Corp owned about 0.17% of Chubb worth $189,272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CB. Sierra Ocean LLC acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. purchased a new stake in Chubb during the 4th quarter valued at approximately $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the fourth quarter valued at approximately $30,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 89 shares during the period. Finally, Human Investing LLC acquired a new position in Chubb in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their target price on Chubb from $329.00 to $316.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Barclays lowered their price target on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $307.21.

Chubb Price Performance

Shares of NYSE:CB opened at $280.39 on Tuesday. 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 business’s fifty day moving average price is $284.92 and its two-hundred day moving average price is $281.00. The stock has a market cap of $112.35 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb Limited has a one year low of $238.85 and a one year high of $306.91.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a dividend of $0.91 per share. The ex-dividend date 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%.

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.