Nicholas Wealth LLC. Purchases 352 Shares of Chubb Limited $CB

Nicholas Wealth LLC. grew its position in shares of Chubb Limited (NYSE:CB) by 7.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,151 shares of the financial services provider’s stock after buying an additional 352 shares during the quarter. Nicholas Wealth LLC.’s holdings in Chubb were worth $1,492,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GQG Partners LLC raised its position in Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the last quarter. Nuveen LLC purchased a new position in shares of Chubb during the first quarter valued at approximately $562,221,000. Ameriprise Financial Inc. raised its holdings in shares of Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after acquiring an additional 304,751 shares in the last quarter. Citigroup Inc. lifted its stake in Chubb by 79.0% in the first quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after acquiring an additional 278,697 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Chubb by 19.6% in the first quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock valued at $423,826,000 after acquiring an additional 231,404 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the transaction, the insider owned 90,600 shares in the company, valued at $25,458,600. The trade was a 20.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 45,903 shares of company stock valued at $13,245,483 over the last 90 days. Corporate insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CB shares. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Jefferies Financial Group boosted their price target on shares of Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Barclays raised their price objective on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $300.00 target price on shares of Chubb in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $308.05.

Chubb Price Performance

Shares of CB opened at $296.71 on Wednesday. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The firm’s 50-day simple moving average is $281.15 and its two-hundred day simple moving average is $281.07. The stock has a market cap of $116.77 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27.

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

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.