Jump Financial LLC Sells 22,793 Shares of Chubb Limited (NYSE:CB)

Jump Financial LLC decreased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 95.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,115 shares of the financial services provider's stock after selling 22,793 shares during the period. Jump Financial LLC's holdings in Chubb were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CB. Barclays PLC lifted its position in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after acquiring an additional 388,746 shares during the period. Invst LLC lifted its position in Chubb by 6.0% during the third quarter. Invst LLC now owns 915 shares of the financial services provider's stock worth $264,000 after purchasing an additional 52 shares during the period. Boyar Asset Management Inc. grew its stake in Chubb by 3.8% during the third quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock worth $804,000 after buying an additional 102 shares in the last quarter. World Investment Advisors LLC increased its holdings in Chubb by 895.5% in the 3rd quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider's stock valued at $9,281,000 after buying an additional 28,950 shares during the period. Finally, Sfmg LLC raised its position in shares of Chubb by 2.4% in the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock valued at $485,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CB. UBS Group upped their target price on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday. Wells Fargo & Company raised their price objective on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Piper Sandler increased their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. raised their price target on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group increased their price objective on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.86.

Chubb Stock Down 0.6 %

CB stock traded down $1.61 during trading on Thursday, reaching $284.47. 660,688 shares of the stock were exchanged, compared to its average volume of 1,624,745. The firm's 50 day moving average is $287.43 and its 200 day moving average is $281.12. Chubb Limited has a twelve month low of $244.84 and a twelve month high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $113.98 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

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

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio (DPR) is currently 17.52%.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 over the last quarter. 0.86% of the stock is owned by corporate 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.