Bessemer Group Inc. Increases Stock Position in Chubb Limited (NYSE:CB)

Bessemer Group Inc. grew its stake in shares of Chubb Limited (NYSE:CB) by 56.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,128 shares of the financial services provider’s stock after buying an additional 13,036 shares during the period. Bessemer Group Inc.’s holdings in Chubb were worth $9,362,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CB. ZRC Wealth Management LLC acquired a new stake in Chubb in the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb in the 4th quarter valued at $29,000. Wellington Shields Capital Management LLC acquired a new stake in Chubb in the 1st quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new stake in Chubb in the 4th quarter valued at $32,000. Finally, Northwest Financial Advisors acquired a new stake in Chubb in the 4th quarter valued at $33,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Bank of America raised their target price on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research note on Wednesday. HSBC restated a “hold” rating and set a $270.00 target price (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Finally, Morgan Stanley lowered their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Chubb presently has an average rating of “Hold” and an average target price of $269.55.

Chubb Stock Up 1.1 %

Shares of CB stock traded up $2.88 during trading hours on Thursday, hitting $262.92. 341,412 shares of the company were exchanged, compared to its average volume of 1,643,616. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a one year low of $198.10 and a one year high of $275.41. The business’s 50-day simple moving average is $262.18 and its two-hundred day simple moving average is $253.05. The stock has a market capitalization of $106.76 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 6.16 and a beta of 0.66.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.94%. The firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter last year, the company posted $4.92 earnings per share. Chubb’s revenue was up 11.8% on a year-over-year basis. Sell-side analysts predict that Chubb Limited will post 20.95 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.38%. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now directly owns 45,853 shares in the company, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. Insiders have sold 47,552 shares of company stock valued at $12,149,985 over the last quarter. Insiders own 0.86% of the company’s stock.

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.