NorthCrest Asset Manangement LLC Buys 4,180 Shares of Chubb Limited $CB

NorthCrest Asset Manangement LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 3.7% during the third quarter, Holdings Channel reports. The fund owned 116,701 shares of the financial services provider’s stock after buying an additional 4,180 shares during the quarter. Chubb comprises 0.8% of NorthCrest Asset Manangement LLC’s investment portfolio, making the stock its 25th largest position. NorthCrest Asset Manangement LLC’s holdings in Chubb were worth $33,755,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Westbourne Investment Advisors Inc. increased its position in Chubb by 12.3% in the third quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock worth $6,275,000 after buying an additional 2,427 shares during the last quarter. Assetmark Inc. grew its stake in shares of Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after acquiring an additional 8,828 shares during the period. Trifecta Capital Advisors LLC grew its stake in shares of Chubb by 764.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 130 shares during the period. Sivia Capital Partners LLC increased its holdings in Chubb by 166.3% in the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $1,046,000 after acquiring an additional 2,315 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Chubb by 28.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock valued at $16,750,000 after acquiring an additional 12,784 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE CB opened at $300.60 on Monday. The stock’s 50-day simple moving average is $303.22 and its two-hundred day simple moving average is $285.94. Chubb Limited has a twelve month low of $263.14 and a twelve month high of $316.94. The firm has a market capitalization of $118.30 billion, a P/E ratio of 12.55, a P/E/G ratio of 3.14 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the previous year, the firm earned $5.72 earnings per share. Chubb’s revenue was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Analyst Ratings Changes

CB has been the subject of a number of research reports. The Goldman Sachs Group upgraded shares of Chubb from a “neutral” rating to a “buy” rating and increased their target price for the stock from $309.00 to $351.00 in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, November 24th. Citizens Jmp lifted their price target on Chubb from $325.00 to $350.00 and gave the company a “market outperform” rating in a research report on Friday. Cantor Fitzgerald increased their price objective on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.81.

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 850 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the sale, the executive vice president owned 1,585 shares in the company, valued at approximately $467,876.15. The trade was a 34.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. The trade was a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,333 shares of company stock worth $16,629,873 in the last quarter. 0.77% of the stock is owned by insiders.

Chubb Company Profile

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.