Chubb Limited $CB Shares Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC raised its stake in Chubb Limited (NYSE:CB) by 5.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 122,551 shares of the financial services provider’s stock after buying an additional 5,850 shares during the quarter. Chubb makes up approximately 0.9% of NorthCrest Asset Manangement LLC’s portfolio, making the stock its 22nd biggest holding. NorthCrest Asset Manangement LLC’s holdings in Chubb were worth $38,627,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares during the period. Cedar Mountain Advisors LLC raised its holdings in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Chubb during the third quarter worth $31,000. Cornerstone Planning Group LLC boosted its position in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Chubb in the third quarter valued at $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

CB opened at $322.86 on Friday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The company’s 50 day simple moving average is $321.25 and its 200 day simple moving average is $301.41. The stock has a market capitalization of $125.97 billion, a PE ratio of 12.55, a P/E/G ratio of 2.02 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. Chubb’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $6.02 earnings per share. As a group, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s dividend payout ratio is presently 15.08%.

Insider Buying and Selling

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 44,877 shares of company stock valued at $14,885,226. 0.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CB has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Wolfe Research boosted their price objective on shares of Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Raymond James Financial increased their price objective on shares of Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a research note on Monday, February 9th. Cantor Fitzgerald raised their target price on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Finally, HSBC increased their price target on shares of Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $340.81.

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.