Johnson Financial Group Inc. Buys 2,817 Shares of Chubb Limited (NYSE:CB)

Johnson Financial Group Inc. increased its stake in Chubb Limited (NYSE:CB) by 40.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,821 shares of the financial services provider’s stock after acquiring an additional 2,817 shares during the quarter. Johnson Financial Group Inc.’s holdings in Chubb were worth $2,670,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CB. Susquehanna Fundamental Investments LLC bought a new stake in shares of Chubb in the 4th quarter valued at $2,404,000. Virtus ETF Advisers LLC lifted its holdings in Chubb by 21.0% in the fourth quarter. Virtus ETF Advisers LLC now owns 3,967 shares of the financial services provider’s stock valued at $1,096,000 after buying an additional 688 shares during the period. Coldstream Capital Management Inc. lifted its holdings in Chubb by 1.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,607 shares of the financial services provider’s stock valued at $1,826,000 after buying an additional 110 shares during the period. Kovitz Investment Group Partners LLC boosted its position in Chubb by 5.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 61,519 shares of the financial services provider’s stock valued at $16,998,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Hancock Whitney Corp grew its holdings in Chubb by 1.8% during the 4th quarter. Hancock Whitney Corp now owns 3,893 shares of the financial services provider’s stock worth $1,076,000 after acquiring an additional 67 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 12,231 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares of the company’s stock, valued at $23,120,374.04. This represents a 13.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 in the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of NYSE CB opened at $279.07 on Friday. The stock has a market cap of $111.82 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a fifty-two week low of $243.14 and a fifty-two week high of $306.91. The firm’s 50-day simple moving average is $286.39 and its 200 day simple moving average is $281.12.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s dividend payout ratio is 16.02%.

Analyst Ratings Changes

CB has been the subject of several recent analyst reports. UBS Group raised their target price on Chubb from $298.00 to $303.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. Piper Sandler increased their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. Jefferies Financial Group raised their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $307.79.

About Chubb

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.