5,032 Shares in Chubb Limited $CB Purchased by Northstar Group Inc.

Northstar Group Inc. bought a new position in Chubb Limited (NYSE:CB) during the second quarter, Holdings Channel reports. The institutional investor bought 5,032 shares of the financial services provider’s stock, valued at approximately $1,715,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC grew its holdings in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Frazier Financial Advisors LLC raised its position in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the period. Merkkuri Wealth Advisors LLC bought a new stake in shares of Chubb in the 1st quarter worth approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of Chubb in the 4th quarter worth approximately $31,000. Finally, Ares Financial Consulting LLC acquired a new position in Chubb during the 4th quarter valued at approximately $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the subject of a number of recent research reports. Evercore restated an “outperform” rating and set a $374.00 price objective on shares of Chubb in a research note on Friday, July 10th. Citizens Jmp reiterated a “market outperform” rating and issued a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Atlantic Securities set a $301.00 target price on Chubb in a research note on Wednesday, July 15th. Mizuho boosted their price target on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $360.09.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares in the company, valued at approximately $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. Corporate insiders own 0.37% of the company’s stock.

Chubb Stock Performance

Shares of NYSE CB opened at $343.80 on Friday. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91. The company has a market cap of $132.64 billion, a PE ratio of 12.16, a P/E/G ratio of 1.70 and a beta of 0.39. The stock has a 50 day simple moving average of $344.31 and a 200-day simple moving average of $331.99. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $6.14 EPS. On average, equities research analysts forecast that Chubb Limited will post 27.45 EPS for the current year.

Chubb Announces Dividend

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

About Chubb

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.