NovaPoint Capital LLC Acquires 381 Shares of Chubb Limited (NYSE:CB)

NovaPoint Capital LLC boosted its holdings in shares of Chubb Limited (NYSE:CB) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,291 shares of the financial services provider’s stock after acquiring an additional 381 shares during the quarter. Chubb accounts for 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 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CB. Capital Investment Advisors LLC grew its stake in Chubb by 10.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 2,075 shares of the financial services provider’s stock worth $598,000 after acquiring an additional 189 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Chubb by 56.5% in the third quarter. Blue Trust Inc. now owns 4,550 shares of the financial services provider’s stock valued at $1,312,000 after purchasing an additional 1,642 shares during the period. Moss Adams Wealth Advisors LLC purchased a new stake in shares of Chubb in the third quarter valued at approximately $245,000. Net Worth Advisory Group bought a new position in Chubb in the third quarter worth approximately $694,000. Finally, Stratos Wealth Advisors LLC purchased a new position in Chubb during the 3rd quarter worth $252,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity

In related news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the director now owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.00 % decrease in their position. 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 currently owned by insiders.

Chubb Trading Down 0.1 %

Chubb stock opened at $301.66 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $122.49 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The stock has a 50-day moving average of $284.79 and a two-hundred day moving average of $267.91. Chubb Limited has a one year low of $205.64 and a one year high of $302.05.

Chubb (NYSE:CB) last announced 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. The firm had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $4.92 EPS. On average, research analysts anticipate that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CB shares. JMP Securities reiterated a “market outperform” rating and issued a $300.00 target price on shares of Chubb in a report on Tuesday. Roth Mkm increased their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Morgan Stanley reduced their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Royal Bank of Canada upped their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Piper Sandler lifted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target of $282.37.

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.