Johnson Financial Group Inc. Takes $3.37 Million Position in Chubb Limited $CB

Johnson Financial Group Inc. bought a new position in shares of Chubb Limited (NYSE:CB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,851 shares of the financial services provider’s stock, valued at approximately $3,366,000.

Several other institutional investors have also modified their holdings of the stock. IMG Wealth Management Inc. acquired a new position in shares of Chubb in the 2nd quarter valued at $25,000. Dunhill Financial LLC acquired a new stake in Chubb during the 2nd quarter worth $25,000. CBIZ Investment Advisory Services LLC raised its stake in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Frazier Financial Advisors LLC lifted its position in Chubb by 86.4% in 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. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in Chubb in the first quarter valued at $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $341.45 on Thursday. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The stock has a market capitalization of $131.73 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.71 and a beta of 0.39. The company has a 50-day simple moving average of $345.32 and a 200-day simple moving average of $333.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter last year, the company posted $6.14 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Chubb Limited will post 27.45 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is presently 14.43%.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on CB shares. Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. HSBC downgraded Chubb from a “buy” rating to a “hold” rating and boosted their target price for the company from $370.00 to $373.00 in a report on Monday, July 6th. Citizens Jmp restated a “market outperform” rating and set a $400.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Finally, Atlantic Securities set a $301.00 price objective on Chubb in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $361.00.

Chubb Company Profile

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.