NorthCrest Asset Manangement LLC Has $33.76 Million Stake in Chubb Limited $CB

NorthCrest Asset Manangement LLC raised its holdings in Chubb Limited (NYSE:CB) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,701 shares of the financial services provider’s stock after purchasing an additional 4,180 shares during the period. Chubb makes up about 0.8% of NorthCrest Asset Manangement LLC’s portfolio, making the stock its 25th largest holding. NorthCrest Asset Manangement LLC’s holdings in Chubb were worth $33,755,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC raised its position in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb during the 2nd quarter worth approximately $32,000. Heartwood Wealth Advisors LLC acquired a new position in Chubb during the third quarter valued at approximately $34,000. Finally, Maseco LLP bought a new stake in Chubb during the second quarter worth $35,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the transaction, the executive vice president owned 12,660 shares in the company, valued at approximately $3,749,512.20. This trade represents a 45.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider directly owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 57,333 shares of company stock worth $16,629,873. 0.77% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of Chubb stock opened at $300.60 on Monday. The stock has a market cap of $118.30 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 3.14 and a beta of 0.51. Chubb Limited has a twelve month low of $263.14 and a twelve month high of $316.94. The company’s fifty day moving average is $303.22 and its 200 day moving average is $285.94. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the previous year, the business earned $5.72 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio is currently 16.19%.

Analyst Upgrades and Downgrades

CB has been the topic of several recent analyst reports. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 price target on shares of Chubb in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Friday. Cantor Fitzgerald lifted their price target on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Jefferies Financial Group increased their price objective on shares of Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chubb currently has a consensus rating of “Moderate Buy” and an average price target of $323.81.

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.