Chubb Limited $CB Position Boosted by Littlejohn Financial Services Inc.

Littlejohn Financial Services Inc. increased its holdings in Chubb Limited (NYSE:CB) by 154.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,431 shares of the financial services provider’s stock after purchasing an additional 5,731 shares during the quarter. Chubb accounts for 1.9% of Littlejohn Financial Services Inc.’s holdings, making the stock its 16th biggest position. Littlejohn Financial Services Inc.’s holdings in Chubb were worth $2,662,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Elevate Capital Advisors LLC acquired a new position in shares of Chubb in the 3rd quarter worth $822,000. Sharp Financial Services LLC boosted its position in shares of Chubb by 49.2% in the 3rd quarter. Sharp Financial Services LLC now owns 1,082 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 357 shares during the period. Ashton Thomas Securities LLC purchased a new position in Chubb in the 3rd quarter worth about $1,889,000. Jacobsen Capital Management raised its holdings in Chubb by 8.3% during the 3rd quarter. Jacobsen Capital Management now owns 837 shares of the financial services provider’s stock worth $236,000 after buying an additional 64 shares during the period. Finally, Meadow Creek Wealth Advisors LLC lifted its stake in Chubb by 1.4% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 4,391 shares of the financial services provider’s stock valued at $1,178,000 after buying an additional 61 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 57,333 shares of company stock worth $16,629,873. 0.77% of the stock is owned by insiders.

Analysts Set New Price Targets

CB has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, October 22nd. Morgan Stanley set a $310.00 target price on Chubb in a research report on Tuesday, December 16th. Citigroup upped their price target on Chubb from $331.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, The Goldman Sachs Group raised Chubb from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $309.00 to $351.00 in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $319.00.

Chubb Trading Up 0.0%

Shares of NYSE:CB opened at $300.83 on Thursday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $118.39 billion, a PE ratio of 12.56, a P/E/G ratio of 3.14 and a beta of 0.51. Chubb Limited has a 1 year low of $263.14 and a 1 year high of $316.94. The firm has a fifty day moving average price of $302.60 and a 200 day moving average price of $285.74.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the prior year, the company posted $5.72 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s payout ratio is presently 16.19%.

Chubb 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.