Nisa Investment Advisors LLC Trims Holdings in Chubb Limited $CB

Nisa Investment Advisors LLC trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,308 shares of the financial services provider’s stock after selling 7,581 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chubb were worth $22,457,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Mitchell & Pahl Private Wealth LLC lifted its holdings in Chubb by 0.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after buying an additional 35 shares in the last quarter. Sky Investment Group LLC increased its position in shares of Chubb by 1.6% during the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after acquiring an additional 38 shares during the period. Evermay Wealth Management LLC raised its stake in shares of Chubb by 2.3% during the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 38 shares in the last quarter. JT Stratford LLC raised its stake in shares of Chubb by 3.5% during the second quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 38 shares in the last quarter. Finally, Jacobsen Capital Management boosted its holdings in shares of Chubb by 5.3% in the second quarter. Jacobsen Capital Management now owns 773 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 39 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CB shares. Wolfe Research raised their price objective on Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Mizuho began coverage on Chubb in a research note on Monday, December 15th. They set a “neutral” rating and a $318.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a report on Monday, November 24th. Morgan Stanley set a $310.00 target price on shares of Chubb in a research report on Tuesday, December 16th. Finally, UBS Group boosted their price target on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $318.00.

Chubb Price Performance

CB opened at $306.75 on Friday. The firm has a market capitalization of $120.72 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 3.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The business’s 50-day moving average is $301.38 and its two-hundred day moving average is $285.36. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $316.94.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the business earned $5.72 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. Research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s payout ratio is currently 16.19%.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president owned 60,593 shares in the company, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $296.17, for a total value of $3,133,478.60. Following the transaction, the executive vice president owned 12,660 shares in the company, valued at approximately $3,749,512.20. This trade represents a 45.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.77% of the stock is currently owned by insiders.

Chubb Company Profile

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.