Jacobsen Capital Management Increases Position in Chubb Limited $CB

Jacobsen Capital Management boosted its holdings in Chubb Limited (NYSE:CB) by 5.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 773 shares of the financial services provider’s stock after buying an additional 39 shares during the quarter. Jacobsen Capital Management’s holdings in Chubb were worth $224,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CB. GQG Partners LLC raised its position in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after acquiring an additional 4,964,298 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Chubb during the 1st quarter worth approximately $562,221,000. Ameriprise Financial Inc. boosted its holdings in shares of Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after buying an additional 304,751 shares in the last quarter. Cohen Investment Advisors LLC grew its position in shares of Chubb by 2,408.4% in the 1st quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider’s stock valued at $88,456,000 after buying an additional 281,234 shares during the last quarter. Finally, Citigroup Inc. raised its stake in Chubb by 79.0% during the 1st quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after acquiring an additional 278,697 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other Chubb news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the purchase, the director owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their target price on Chubb from $324.00 to $333.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Evercore ISI lifted their price target on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Jefferies Financial Group increased their price objective on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a report on Tuesday, October 7th. Morgan Stanley lowered their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Finally, The Goldman Sachs Group increased their price target on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus price target of $305.28.

Chubb Stock Performance

Shares of CB opened at $269.37 on Wednesday. The stock has a market capitalization of $107.40 billion, a P/E ratio of 11.88, a P/E/G ratio of 3.02 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company’s fifty day moving average is $277.33 and its two-hundred day moving average is $280.77.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the previous year, the firm earned $5.72 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s payout ratio is currently 17.12%.

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.