Janney Montgomery Scott LLC Purchases 5,225 Shares of Chubb Limited $CB

Janney Montgomery Scott LLC lifted its position in Chubb Limited (NYSE:CB) by 1.7% in the first quarter, HoldingsChannel.com reports. The firm owned 315,893 shares of the financial services provider’s stock after acquiring an additional 5,225 shares during the period. Janney Montgomery Scott LLC’s holdings in Chubb were worth $102,959,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Berkshire Hathaway Inc increased its holdings in Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after buying an additional 4,299,111 shares during the period. Norges Bank bought a new position in Chubb during the fourth quarter worth about $1,081,190,000. Price T Rowe Associates Inc. MD boosted its stake in Chubb by 25.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after buying an additional 3,049,987 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Chubb in the 4th quarter valued at $795,378,000. Finally, GQG Partners LLC grew its holdings in shares of Chubb by 15.2% in the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after purchasing an additional 1,647,729 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

CB opened at $341.19 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $132.33 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 1.74 and a beta of 0.41. The company’s 50 day simple moving average is $325.13 and its 200-day simple moving average is $321.31. Chubb Limited has a one year low of $264.10 and a one year high of $345.67.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The firm had revenue of $14.93 billion during the quarter. Sell-side analysts anticipate that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s payout ratio is currently 14.41%.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CB. BMO Capital Markets increased their target price on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Citizens Jmp upped their price objective on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Wolfe Research lifted their target price on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Barclays decreased their price target on Chubb from $375.00 to $368.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $349.10.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.