Northeast Investment Management Raises Holdings in Chubb Limited (NYSE:CB)

Northeast Investment Management lifted its stake in Chubb Limited (NYSE:CB) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,599 shares of the financial services provider’s stock after purchasing an additional 205 shares during the quarter. Northeast Investment Management’s holdings in Chubb were worth $918,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CB. Bard Financial Services Inc. raised its stake in shares of Chubb by 3.7% in the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 40 shares during the last quarter. Rossmore Private Capital lifted its stake in Chubb by 1.6% during the 4th quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 41 shares during the period. Equitable Trust Co. boosted its holdings in shares of Chubb by 1.4% in the 1st quarter. Equitable Trust Co. now owns 2,986 shares of the financial services provider’s stock valued at $774,000 after acquiring an additional 41 shares during the last quarter. Quotient Wealth Partners LLC increased its stake in shares of Chubb by 4.1% in the second quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 41 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Chubb by 11.1% during the first quarter. Newbridge Financial Services Group Inc. now owns 422 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 42 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on CB. Royal Bank of Canada upped their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Roth Mkm lifted their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Bank of America lifted their target price on shares of Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $270.79.

Insiders Place Their Bets

In related news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the transaction, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The disclosure for this sale can be found here. Insiders have sold 14,521 shares of company stock valued at $3,878,712 in the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of NYSE CB traded up $1.50 during midday trading on Wednesday, hitting $278.71. The stock had a trading volume of 1,073,173 shares, compared to its average volume of 1,604,474. The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1 year low of $198.67 and a 1 year high of $280.23. The company has a market capitalization of $113.17 billion, a PE ratio of 12.37, a P/E/G ratio of 5.21 and a beta of 0.66. The stock has a 50 day simple moving average of $265.30 and a 200-day simple moving average of $258.84.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.92 EPS. On average, sell-side analysts expect that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a $0.91 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.31%. Chubb’s payout ratio is 16.16%.

Chubb 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.