NovaPoint Capital LLC Acquires 241 Shares of Chubb Limited (NYSE:CB)

NovaPoint Capital LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,532 shares of the financial services provider’s stock after acquiring an additional 241 shares during the quarter. Chubb comprises about 1.5% of NovaPoint Capital LLC’s investment portfolio, making the stock its 19th largest holding. NovaPoint Capital LLC’s holdings in Chubb were worth $4,844,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Continuum Advisory LLC boosted its stake in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Chubb in the 3rd quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb in the 3rd quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb in the 3rd quarter valued at approximately $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Shares of NYSE:CB opened at $272.73 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $109.94 billion, a PE ratio of 12.00, a P/E/G ratio of 3.35 and a beta of 0.67. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a 50-day moving average price of $274.59 and a two-hundred day moving average price of $279.59.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts forecast that Chubb Limited will post 21.91 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Bank of America lifted their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays cut their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $295.73.

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.