Stifel Financial Corp Has $189.27 Million Stake in Chubb Limited (NYSE:CB)

Stifel Financial Corp lifted its position in Chubb Limited (NYSE:CB - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 684,986 shares of the financial services provider's stock after buying an additional 1,093 shares during the quarter. Stifel Financial Corp owned about 0.17% of Chubb worth $189,272,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Chubb in the 4th quarter worth $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb in the fourth quarter worth about $30,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after purchasing an additional 89 shares during the last quarter. Finally, Human Investing LLC bought a new stake in Chubb during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insiders Place Their Bets

In related news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Chubb Price Performance

Shares of NYSE:CB traded down $2.93 during trading on Friday, reaching $279.07. The stock had a trading volume of 2,381,203 shares, compared to its average volume of 1,630,854. The stock has a market capitalization of $111.82 billion, a PE ratio of 12.28, a P/E/G ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 52 week low of $242.25 and a 52 week high of $306.91. The business's 50-day moving average price is $286.14 and its 200 day moving average price is $281.13.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.30%. Chubb's dividend payout ratio (DPR) is 16.02%.

Wall Street Analyst Weigh In

Several brokerages have commented on CB. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. UBS Group boosted their target price on shares of Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Raymond James reissued a "strong-buy" rating on shares of Chubb in a report on Thursday. Finally, Piper Sandler upped their target price on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $307.79.

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.