Stephens Inc. AR Boosts Stock Holdings in Chubb Limited $CB

Key Points

• Stephens Inc. AR increased its holdings in Chubb Limited by 8.7% during Q2, bringing its total shares to 16,475 worth approximately $4.77 million.
• Chubb's recent earnings report showed an EPS of $7.49, significantly higher than the expectation of $5.51, with revenues reaching $14.87 billion.
• The company declared a quarterly dividend of $0.97, with an annualized yield of 1.4%.

Stephens Inc. AR grew its position in shares of Chubb Limited (NYSE:CB - Free Report) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,475 shares of the financial services provider's stock after buying an additional 1,315 shares during the quarter. Stephens Inc. AR's holdings in Chubb were worth $4,773,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. North Capital Inc. purchased a new stake in Chubb in the first quarter worth approximately $26,000. IMA Advisory Services Inc. purchased a new stake in Chubb in the first quarter worth approximately $31,000. 1248 Management LLC purchased a new stake in Chubb in the first quarter worth approximately $31,000. WPG Advisers LLC purchased a new stake in Chubb in the first quarter worth approximately $33,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Chubb by 391.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider's stock worth $36,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Up 0.4%

CB opened at $269.37 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a market capitalization of $107.40 billion, a PE ratio of 11.88, a PEG ratio of 3.02 and a beta of 0.54. The firm's 50 day simple moving average is $277.33 and its two-hundred day simple moving average is $280.77.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The firm had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company's revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $5.72 EPS. As a group, equities analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb's payout ratio is currently 17.12%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CB. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $324.00 to $333.00 and gave the stock an "outperform" rating in a report on Monday, October 6th. Wells Fargo & Company raised their target price on shares of Chubb from $267.00 to $277.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 8th. Evercore ISI raised their target price on shares of Chubb from $312.00 to $315.00 and gave the stock an "outperform" rating in a report on Wednesday, October 1st. The Goldman Sachs Group raised their target price on shares of Chubb from $299.00 to $303.00 and gave the stock a "neutral" rating in a report on Monday, October 6th. Finally, Citigroup started coverage on shares of Chubb in a research report on Wednesday, August 13th. They issued a "buy" rating and a $326.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $305.28.

Insider Transactions at Chubb

In related news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction on Friday, July 25th. The shares were bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. The trade was a 20.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.86% of the company's stock.

Chubb Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.