Chubb Limited (NYSE:CB) Shares Sold by Northcape Wealth Management LLC

Northcape Wealth Management LLC lessened its stake in Chubb Limited (NYSE:CB) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,031 shares of the financial services provider’s stock after selling 95 shares during the period. Chubb accounts for 1.1% of Northcape Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Northcape Wealth Management LLC’s holdings in Chubb were worth $2,945,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Deutsche Bank AG grew its stake in shares of Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after purchasing an additional 13,059,385 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after buying an additional 495,860 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Chubb by 19,454.2% during the 4th quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock valued at $1,096,860,000 after acquiring an additional 482,854 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Chubb by 43.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,107,362 shares of the financial services provider’s stock worth $230,531,000 after acquiring an additional 334,970 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd grew its holdings in shares of Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after acquiring an additional 324,019 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CB shares. Royal Bank of Canada dropped their price target on Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. BMO Capital Markets upped their price target on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. The Goldman Sachs Group lifted their price objective on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. JMP Securities reissued a “market outperform” rating and set a $280.00 price target on shares of Chubb in a research report on Monday, April 15th. Finally, Wells Fargo & Company raised their price objective on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average target price of $266.89.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock traded down $0.60 during trading on Tuesday, hitting $248.62. 1,862,883 shares of the company’s stock traded hands, compared to its average volume of 1,755,866. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.29. The company has a market cap of $100.94 billion, a PE ratio of 11.07, a PEG ratio of 1.16 and a beta of 0.62. The firm’s fifty day moving average price is $252.29 and its 200 day moving average price is $236.17.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the previous year, the business earned $4.41 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Analysts forecast that Chubb Limited will post 21.17 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 15.27%.

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.