Jones Financial Companies Lllp Buys 3,276 Shares of Chubb Limited (NYSE:CB)

Jones Financial Companies Lllp grew its position in Chubb Limited (NYSE:CB - Free Report) by 73.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,753 shares of the financial services provider's stock after purchasing an additional 3,276 shares during the quarter. Jones Financial Companies Lllp's holdings in Chubb were worth $2,142,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC raised its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd bought a new position in Chubb during the third quarter worth $29,000. Raelipskie Partnership bought a new position in Chubb during the third quarter worth $29,000. Sierra Ocean LLC bought a new position in Chubb during the fourth quarter worth $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb during the third quarter worth $30,000. Institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, Barclays decreased their price target on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $299.27.

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Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.86% of the company's stock.

Chubb Price Performance

NYSE CB traded up $0.23 on Friday, hitting $286.52. 1,259,899 shares of the company were exchanged, compared to its average volume of 1,700,705. The firm has a 50 day moving average of $272.01 and a two-hundred day moving average of $280.36. The company has a market cap of $114.73 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.27%. Chubb's dividend payout ratio is currently 16.02%.

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.