Nicollet Investment Management Inc. Sells 151 Shares of Chubb Limited (NYSE:CB)

Nicollet Investment Management Inc. decreased its stake in Chubb Limited (NYSE:CB) by 1.1% during the 4th quarter, HoldingsChannel reports. The fund owned 13,383 shares of the financial services provider’s stock after selling 151 shares during the period. Chubb comprises approximately 1.3% of Nicollet Investment Management Inc.’s portfolio, making the stock its 27th biggest holding. Nicollet Investment Management Inc.’s holdings in Chubb were worth $3,698,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nemes Rush Group LLC increased its position in shares of Chubb by 5.8% during the fourth quarter. Nemes Rush Group LLC now owns 57,919 shares of the financial services provider’s stock valued at $16,003,000 after purchasing an additional 3,190 shares during the period. Alliancebernstein L.P. boosted its stake in Chubb by 130.0% during the fourth quarter. Alliancebernstein L.P. now owns 956,522 shares of the financial services provider’s stock worth $264,287,000 after buying an additional 540,554 shares in the last quarter. Bedell Frazier Investment Counselling LLC increased its holdings in Chubb by 8.3% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 2,220 shares of the financial services provider’s stock valued at $613,000 after buying an additional 170 shares during the period. Edmond DE Rothschild Holding S.A. raised its stake in shares of Chubb by 21.6% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 900 shares of the financial services provider’s stock valued at $249,000 after buying an additional 160 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Chubb by 8.8% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 667 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 54 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CB. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Barclays dropped their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. increased their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $301.00.

Chubb Stock Up 1.9 %

NYSE:CB opened at $302.19 on Tuesday. The company has a market cap of $121.00 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock’s fifty day moving average price is $279.92 and its two-hundred day moving average price is $281.51. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $303.66.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is 16.02%.

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.