Nicholas Company Inc. Sells 5,285 Shares of Chubb Limited $CB

Nicholas Company Inc. decreased its position in Chubb Limited (NYSE:CB) by 17.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 25,425 shares of the financial services provider’s stock after selling 5,285 shares during the quarter. Nicholas Company Inc.’s holdings in Chubb were worth $7,366,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CB. Brighton Jones LLC lifted its stake in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Chubb in the 4th quarter valued at approximately $205,000. Golden State Wealth Management LLC lifted its stake in Chubb by 9.1% in the 1st quarter. Golden State Wealth Management LLC now owns 549 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 46 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Chubb by 37.1% in the 1st quarter. Teacher Retirement System of Texas now owns 73,765 shares of the financial services provider’s stock valued at $22,276,000 after acquiring an additional 19,958 shares in the last quarter. Finally, Mutual Advisors LLC lifted its stake in Chubb by 6.7% in the 1st quarter. Mutual Advisors LLC now owns 2,210 shares of the financial services provider’s stock valued at $617,000 after acquiring an additional 139 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.3%

CB stock opened at $277.13 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $109.07 billion, a PE ratio of 11.57, a PEG ratio of 2.74 and a beta of 0.54. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The business’s 50 day simple moving average is $277.80 and its 200 day simple moving average is $280.64.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.72 EPS. As a group, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors 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 payout ratio is presently 16.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $300.00 target price on shares of Chubb in a research note on Monday, October 27th. Keefe, Bruyette & Woods boosted their target price on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. HSBC upped their price objective on Chubb from $302.00 to $304.00 in a research note on Wednesday. Finally, Evercore ISI upped their price objective on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $307.79.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. The trade was a 20.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.77% of the company’s stock.

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.