Nelson Capital Management LLC Has $2.89 Million Stake in Chubb Limited $CB

Nelson Capital Management LLC increased its position in Chubb Limited (NYSE:CB) by 4.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,988 shares of the financial services provider’s stock after purchasing an additional 413 shares during the period. Nelson Capital Management LLC’s holdings in Chubb were worth $2,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GQG Partners LLC boosted its position in shares of Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after buying an additional 4,964,298 shares during the period. Nuveen LLC acquired a new stake in Chubb during the 1st quarter worth about $562,221,000. Demars Financial Group LLC boosted its position in Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock worth $1,884,004,000 after acquiring an additional 878,177 shares during the period. SG Americas Securities LLC boosted its position in Chubb by 1,243.9% during the 1st quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider’s stock worth $205,491,000 after acquiring an additional 629,822 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after acquiring an additional 304,751 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $289.24 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $115.32 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 3.23 and a beta of 0.54. The company has a 50 day moving average price of $275.58 and a two-hundred day moving average price of $282.08. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the previous year, the business earned $5.38 EPS. Chubb’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a $0.97 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s payout ratio is currently 17.12%.

Insiders Place Their Bets

In related news, Director Michael Corbat bought 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CB shares. Wolfe Research upgraded shares of Chubb to a “strong-buy” rating in a report on Tuesday, September 16th. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a report on Saturday, September 27th. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and decreased their target price for the company from $317.00 to $300.00 in a research note on Friday, August 1st. Finally, Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $303.72.

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.