Nicholson Wealth Management Group LLC Has $1.81 Million Stock Position in Chubb Limited $CB

Nicholson Wealth Management Group LLC boosted its stake in Chubb Limited (NYSE:CB) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,258 shares of the financial services provider’s stock after purchasing an additional 204 shares during the quarter. Chubb comprises 1.1% of Nicholson Wealth Management Group LLC’s investment portfolio, making the stock its 26th biggest position. Nicholson Wealth Management Group LLC’s holdings in Chubb were worth $1,813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. E Fund Management Co. Ltd. raised its stake in Chubb by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 36 shares in the last quarter. Rise Advisors LLC raised its stake in Chubb by 4.6% in the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 37 shares in the last quarter. Avantax Planning Partners Inc. raised its stake in Chubb by 5.1% in the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 38 shares in the last quarter. Sky Investment Group LLC raised its stake in Chubb by 1.6% in the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 38 shares in the last quarter. Finally, Lincoln Capital LLC raised its stake in Chubb by 0.6% in the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock valued at $2,022,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CB. Wells Fargo & Company boosted their price target on Chubb from $267.00 to $277.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Jefferies Financial Group boosted their price target on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a research note on Tuesday, October 7th. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Wolfe Research upgraded Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Bank of America lifted their target price on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price of $305.28.

Chubb Stock Performance

Chubb stock opened at $268.15 on Friday. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. 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 business’s 50-day moving average price is $277.40 and its two-hundred day moving average price is $281.24. The stock has a market cap of $106.91 billion, a PE ratio of 11.83, a P/E/G ratio of 3.02 and a beta of 0.54.

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

Chubb Dividend Announcement

The company also recently declared 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. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is 17.12%.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction dated Friday, July 25th. The shares were bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.77% of the company’s stock.

About Chubb

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.