Northcape Wealth Management LLC Invests $4.28 Million in Chubb Limited $CB

Northcape Wealth Management LLC acquired a new stake in Chubb Limited (NYSE:CB) in the second quarter, Holdings Channel reports. The institutional investor acquired 12,558 shares of the financial services provider’s stock, valued at approximately $4,279,000. Chubb accounts for approximately 1.1% of Northcape Wealth Management LLC’s portfolio, making the stock its 27th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Chubb during the fourth quarter valued at about $205,000. Woodline Partners LP grew its stake in shares of Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after buying an additional 175 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Chubb by 9.3% in the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after acquiring an additional 17,155 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

Chubb stock opened at $341.45 on Thursday. The stock’s 50 day simple moving average is $345.32 and its two-hundred day simple moving average is $333.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $131.73 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.71 and a beta of 0.39. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.14 EPS. As a group, analysts expect that Chubb Limited will post 27.45 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s dividend payout ratio is presently 14.43%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CB shares. Evercore restated an “outperform” rating and set a $374.00 target price on shares of Chubb in a report on Friday, July 10th. Wells Fargo & Company decreased their price target on Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods boosted their price objective on Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Finally, BMO Capital Markets raised their target price on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $361.00.

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.