Jacobsen Capital Management Increases Holdings in Chubb Limited $CB

Jacobsen Capital Management raised its stake in Chubb Limited (NYSE:CB) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 773 shares of the financial services provider’s stock after buying an additional 39 shares during the quarter. Jacobsen Capital Management’s holdings in Chubb were worth $224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CB. D.A. Davidson & CO. grew its holdings in shares of Chubb by 36.8% in the second quarter. D.A. Davidson & CO. now owns 335,949 shares of the financial services provider’s stock valued at $97,331,000 after purchasing an additional 90,337 shares during the period. Cullen Frost Bankers Inc. raised its stake in Chubb by 0.4% during the second quarter. Cullen Frost Bankers Inc. now owns 82,576 shares of the financial services provider’s stock worth $23,924,000 after purchasing an additional 332 shares during the period. Legacy Wealth Asset Management LLC boosted its holdings in Chubb by 36.5% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 7,292 shares of the financial services provider’s stock valued at $2,113,000 after purchasing an additional 1,950 shares during the last quarter. Fiduciary Family Office LLC grew its stake in shares of Chubb by 46.9% in the 2nd quarter. Fiduciary Family Office LLC now owns 1,175 shares of the financial services provider’s stock valued at $340,000 after buying an additional 375 shares during the period. Finally, Schwartz Investment Counsel Inc. increased its holdings in shares of Chubb by 8.1% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 200,050 shares of the financial services provider’s stock worth $57,958,000 after buying an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 0.4%

Shares of CB opened at $269.37 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $107.40 billion, a PE ratio of 11.88, a P/E/G ratio of 3.02 and a beta of 0.54. The company’s 50-day simple moving average is $277.33 and its 200-day simple moving average is $280.77. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $5.72 EPS. Analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a $0.97 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is 17.12%.

Insider Buying and Selling

In related news, Director Michael Corbat purchased 425 shares of the business’s stock in a transaction on Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wolfe Research upgraded Chubb to a “strong-buy” rating in a report on Tuesday, September 16th. Citigroup started coverage on Chubb in a research note on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research report on Wednesday, August 13th. Finally, Evercore ISI increased their target price on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $305.28.

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.