Jefferies Financial Group Inc. Acquires New Shares in Chubb Limited $CB

Jefferies Financial Group Inc. acquired a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, HoldingsChannel.com reports. The firm acquired 1,959 shares of the financial services provider’s stock, valued at approximately $668,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. bought a new stake in Chubb in the second quarter valued at $25,000. Dunhill Financial LLC acquired a new position in shares of Chubb during the second quarter valued at $25,000. CBIZ Investment Advisory Services LLC grew its position in shares of Chubb by 148.5% during the fourth 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 during the last quarter. Parvin Asset Management LLC bought a new position in shares of Chubb during the second quarter worth about $26,000. Finally, Frazier Financial Advisors LLC increased its holdings in shares of Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CB. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. UBS Group upped their target price on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Piper Sandler raised their price target on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Cantor Fitzgerald raised their price target on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings cut Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $361.00.

Chubb Price Performance

Shares of CB opened at $339.30 on Tuesday. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The stock’s fifty day moving average is $347.74 and its 200-day moving average is $334.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $130.90 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.14 earnings per share. Equities analysts anticipate that Chubb Limited will post 27.35 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s payout ratio is 14.43%.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director owned 12,803 shares in the company, valued at $4,417,035. This represents a 30.05% 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.

About Chubb

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.