NovaPoint Capital LLC Boosts Position in Chubb Limited (NYSE:CB)

NovaPoint Capital LLC boosted its position in Chubb Limited (NYSE:CB) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,291 shares of the financial services provider’s stock after purchasing an additional 381 shares during the period. Chubb comprises 1.5% of NovaPoint Capital LLC’s portfolio, making the stock its 17th biggest holding. NovaPoint Capital LLC’s holdings in Chubb were worth $4,986,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CB. Pathway Financial Advisers LLC purchased a new position in shares of Chubb in the first quarter worth approximately $25,000. Beacon Capital Management LLC boosted its stake in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Chilton Capital Management LLC bought a new stake in shares of Chubb during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb in the 2nd quarter worth $28,000. Finally, Wellington Shields Capital Management LLC bought a new position in Chubb in the 1st quarter worth $29,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 0.1 %

Shares of CB opened at $301.66 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $122.49 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. Chubb Limited has a 1 year low of $205.64 and a 1 year high of $302.05. The business’s 50 day simple moving average is $284.79 and its 200-day simple moving average is $267.91.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same quarter last year, the business earned $4.92 earnings per share. Chubb’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts expect that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.21%. Chubb’s dividend payout ratio is currently 16.16%.

Insiders Place Their Bets

In other news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last ninety days. 0.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CB. Keefe, Bruyette & Woods boosted their price target on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Roth Mkm lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, JMP Securities restated a “market outperform” rating and set a $300.00 price objective on shares of Chubb in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and an average target price of $282.37.

Chubb Company 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.