Northstar Group Inc. Takes $1.72 Million Position in Chubb Limited $CB

Key Points

• Northstar Group Inc. purchased 5,032 Chubb shares worth approximately $1.72 million during the second quarter. Institutional investors collectively own 83.81% of Chubb’s outstanding stock.
• Chubb reported quarterly earnings of $7.26 per share, exceeding analysts’ $6.77 estimate, while revenue rose 3.6% year over year. The company expects full-year earnings of approximately $27.45 per share.
• Chubb declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 payout and a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $360.09.

Northstar Group Inc. bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,032 shares of the financial services provider's stock, valued at approximately $1,715,000.

Several other institutional investors and hedge funds have also made changes to their positions in CB. CBIZ Investment Advisory Services LLC increased its stake in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock worth $26,000 after buying an additional 49 shares during the period. Frazier Financial Advisors LLC boosted its position in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock valued at $27,000 after buying an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Chubb during the first quarter valued at about $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the fourth quarter valued at about $31,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of Chubb during the fourth quarter worth about $32,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of Chubb stock opened at $343.80 on Friday. The firm has a market cap of $132.64 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.70 and a beta of 0.39. The firm's 50-day simple moving average is $344.31 and its 200-day simple moving average is $331.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to analysts' expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $6.14 earnings per share. Equities analysts forecast that Chubb Limited will post 27.45 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb's dividend payout ratio (DPR) is currently 14.43%.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John W. Keogh sold 23,000 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company's stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CB shares. Weiss Ratings upgraded Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, June 29th. Citizens Jmp restated a "market outperform" rating and set a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Wells Fargo & Company dropped their price objective on Chubb from $358.00 to $356.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. Cantor Fitzgerald lifted their price objective on Chubb from $318.00 to $337.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $354.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Chubb has a consensus rating of "Hold" and a consensus target price of $360.09.

About Chubb

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.

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