Nicholson Wealth Management Group LLC Acquires 204 Shares of Chubb Limited $CB

Nicholson Wealth Management Group LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,258 shares of the financial services provider’s stock after acquiring an additional 204 shares during the quarter. Chubb makes up approximately 1.1% of Nicholson Wealth Management Group LLC’s holdings, making the stock its 26th biggest position. Nicholson Wealth Management Group LLC’s holdings in Chubb were worth $1,813,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Chevy Chase Trust Holdings LLC grew its stake in shares of Chubb by 0.7% in the second quarter. Chevy Chase Trust Holdings LLC now owns 200,047 shares of the financial services provider’s stock valued at $57,958,000 after buying an additional 1,310 shares in the last quarter. Arista Wealth Management LLC bought a new position in shares of Chubb in the second quarter valued at $1,382,000. Angeles Wealth Management LLC grew its stake in shares of Chubb by 17.4% in the second quarter. Angeles Wealth Management LLC now owns 1,593 shares of the financial services provider’s stock valued at $462,000 after buying an additional 236 shares in the last quarter. Sage Private Wealth Group LLC grew its stake in shares of Chubb by 8.6% in the second quarter. Sage Private Wealth Group LLC now owns 1,748 shares of the financial services provider’s stock valued at $507,000 after buying an additional 138 shares in the last quarter. Finally, Empirical Asset Management LLC bought a new position in shares of Chubb in the second quarter valued at $863,000. 83.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat bought 425 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares of the company’s stock, valued at $661,010. This 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 this link. Corporate insiders own 0.77% of the company’s stock.

Chubb Trading Down 0.0%

CB stock opened at $268.15 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The company has a fifty day moving average price of $277.40 and a two-hundred day moving average price of $281.24. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The stock has a market cap of $106.91 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. During the same period in the previous year, the business posted $5.38 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts anticipate 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, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. 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 1.4%. Chubb’s dividend payout ratio (DPR) is currently 17.12%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CB shares. Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. UBS Group decreased their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Wells Fargo & Company raised their target price on shares of Chubb from $267.00 to $277.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research note on Tuesday, September 16th. Finally, HSBC cut 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. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $305.28.

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.