Northside Capital Management LLC Invests $796,000 in Chubb Limited $CB

Key Points

• Northside Capital Management LLC has acquired a new position in Chubb Limited, purchasing 2,746 shares valued at approximately $796,000 in the second quarter.
• Director Michael Corbat purchased 425 shares at an average price of $269.80, indicating confidence in the company, while insider John J. Lupica sold 5,513 shares, reflecting a decrease in his stake.
• Chubb's recent earnings report showed an EPS of $6.14, exceeding consensus estimates, with a quarterly revenue increase of 6.3% compared to the previous year.

Northside Capital Management LLC bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,746 shares of the financial services provider's stock, valued at approximately $796,000.

Several other institutional investors also recently modified their holdings of CB. Brighton Jones LLC grew its position in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Chubb during the 4th quarter worth about $205,000. Bank Pictet & Cie Europe AG acquired a new position in shares of Chubb in the 4th quarter valued at approximately $1,320,000. Two Sigma Advisers LP grew its position in shares of Chubb by 83.8% in the 4th quarter. Two Sigma Advisers LP now owns 2,413 shares of the financial services provider's stock valued at $667,000 after purchasing an additional 1,100 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in shares of Chubb in the 4th quarter valued at approximately $89,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael Corbat acquired 425 shares of the company's stock in a transaction dated Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the sale, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

Analyst Ratings Changes

CB has been the subject of several research analyst reports. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research report on Wednesday, August 13th. Wolfe Research upgraded Chubb to a "strong-buy" rating in a research report on Tuesday, September 16th. Piper Sandler reiterated a "neutral" rating and issued a $283.00 price objective (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Citigroup initiated coverage on Chubb in a research report on Wednesday, August 13th. They issued a "buy" rating and a $326.00 price objective for the company. Finally, HSBC lowered Chubb from a "buy" rating to a "hold" rating and decreased their price objective for the company from $317.00 to $300.00 in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $303.06.

Chubb Trading Up 1.0%

NYSE CB opened at $275.69 on Wednesday. The stock has a market capitalization of $109.92 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 3.08 and a beta of 0.56. The stock's 50 day moving average price is $273.62 and its two-hundred day moving average price is $282.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. The firm 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 quarter in the previous year, the business posted $5.38 EPS. As a group, analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb's dividend payout ratio is currently 17.12%.

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.

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