Chubb Limited (NYSE:CB) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 95.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,115 shares of the financial services provider’s stock after selling 22,793 shares during the quarter. Jump Financial LLC’s holdings in Chubb were worth $308,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Chubb during the fourth quarter worth approximately $1,169,720,000. Raymond James Financial Inc. acquired a new position in Chubb in the fourth quarter valued at $1,158,897,000. GQG Partners LLC grew its position in Chubb by 36.3% during the fourth quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider’s stock valued at $1,223,932,000 after acquiring an additional 1,178,628 shares during the period. Beutel Goodman & Co Ltd. raised its holdings in shares of Chubb by 1,007,698.0% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider’s stock worth $278,454,000 after purchasing an additional 1,007,698 shares during the period. Finally, Proficio Capital Partners LLC grew its holdings in shares of Chubb by 41,494.7% during the 4th quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider’s stock worth $224,566,000 after purchasing an additional 810,807 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Chubb from $298.00 to $303.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Wells Fargo & Company raised their price objective on Chubb from $268.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group lifted their price objective on shares of Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $307.79.

Chubb Stock Performance

Shares of CB stock opened at $279.07 on Friday. 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 $111.82 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 3.36 and a beta of 0.47. Chubb Limited has a one year low of $244.84 and a one year high of $306.91. The company’s 50-day simple moving average is $286.39 and its 200-day simple moving average is $281.11.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, March 14th. 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.