Chubb Limited (NYSE:CB) Shares Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC grew its stake in Chubb Limited (NYSE:CB) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,557 shares of the financial services provider’s stock after purchasing an additional 480 shares during the quarter. Jacobi Capital Management LLC’s holdings in Chubb were worth $1,440,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Edgestream Partners L.P. acquired a new stake in shares of Chubb during the 1st quarter valued at approximately $984,000. Spirepoint Private Client LLC acquired a new stake in shares of Chubb during the first quarter worth $311,000. Nicolet Advisory Services LLC lifted its position in shares of Chubb by 9.9% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,220 shares of the financial services provider’s stock worth $303,000 after buying an additional 110 shares during the last quarter. First Foundation Advisors boosted its holdings in shares of Chubb by 70.9% in the 1st quarter. First Foundation Advisors now owns 552 shares of the financial services provider’s stock valued at $143,000 after buying an additional 229 shares during the period. Finally, Councilmark Asset Management LLC bought a new stake in shares of Chubb during the 1st quarter valued at about $359,000. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

CB stock traded up $2.03 during trading hours on Monday, hitting $261.91. 1,307,108 shares of the stock traded hands, compared to its average volume of 1,653,263. The stock has a 50-day simple moving average of $261.69 and a 200 day simple moving average of $252.51. The company has a market cap of $106.35 billion, a P/E ratio of 11.61, a P/E/G ratio of 6.09 and a beta of 0.66. Chubb Limited has a one year low of $195.36 and a one year high of $275.41. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same quarter last year, the firm posted $4.41 EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts forecast that Chubb Limited will post 20.93 earnings per share for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a $0.91 dividend. The ex-dividend date was Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.39%. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. The Goldman Sachs Group upped their price objective on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Bank of America upgraded shares of Chubb from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $244.00 to $266.00 in a research report on Thursday, May 23rd. Finally, HSBC reiterated a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $267.65.

Insider Activity

In related news, Director Michael G. Atieh sold 716 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the transaction, the director now owns 39,295 shares in the company, valued at approximately $10,597,861.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael G. Atieh sold 716 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the sale, the director now owns 39,295 shares in the company, valued at $10,597,861.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,552 shares of company stock worth $12,149,985. 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.