Chubb Limited (NYSE:CB) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 683,893 shares of the financial services provider's stock after selling 4,480 shares during the quarter. Stifel Financial Corp owned 0.17% of Chubb worth $197,240,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Beacon Capital Management LLC lifted its position in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Kozak & Associates Inc. purchased a new position in Chubb in the third quarter valued at approximately $29,000. Chilton Capital Management LLC purchased a new position in shares of Chubb during the second quarter worth approximately $26,000. Truvestments Capital LLC purchased a new position in Chubb in the 3rd quarter valued at $30,000. Finally, Kimelman & Baird LLC purchased a new position in Chubb in the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

CB traded down $3.45 during trading hours on Friday, hitting $283.17. 1,507,315 shares of the stock were exchanged, compared to its average volume of 1,597,495. The stock has a 50-day simple moving average of $287.01 and a 200-day simple moving average of $276.20. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05. The stock has a market cap of $114.15 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 6.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion for the quarter, compared to analysts' expectations of $14.16 billion. During the same period last year, the business posted $4.95 earnings per share. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, December 13th. Chubb's dividend payout ratio (DPR) is presently 14.91%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CB. JMP Securities upped their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 target price for the company. Piper Sandler increased their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company increased their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $287.37.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the firm's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 5.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.86% of the stock is currently owned by company insiders.

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.