NWF Advisory Services Inc. Grows Position in Chubb Limited $CB

Key Points

• NWF Advisory Services increased its Chubb position by 59.6% in the second quarter, bringing its holdings to 20,584 shares valued at approximately $7.0 million. Institutional investors collectively own 83.81% of Chubb.
• Chubb reported quarterly EPS of $7.26, beating the $6.77 consensus estimate, while revenue rose 3.6% year over year. The company announced a quarterly dividend of $1.02, equivalent to a 1.2% annual yield.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $361.00. Meanwhile, two insiders sold shares, including an executive vice president’s $3.1 million transaction and a director’s $1.9 million sale.

NWF Advisory Services Inc. grew its holdings in Chubb Limited (NYSE:CB - Free Report) by 59.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,584 shares of the financial services provider's stock after buying an additional 7,686 shares during the period. NWF Advisory Services Inc.'s holdings in Chubb were worth $7,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in Chubb in the 2nd quarter valued at about $25,000. Dunhill Financial LLC purchased a new position in Chubb in the 2nd quarter worth approximately $25,000. Parvin Asset Management LLC acquired a new position in shares of Chubb during the 2nd quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of 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 purchasing an additional 49 shares during the last quarter. Finally, Frazier Financial Advisors LLC grew its position in shares of Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 38 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Joseph Wayland sold 8,502 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael P. Connors sold 5,500 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director directly owned 12,803 shares of the company's stock, valued at $4,417,035. The trade was a 30.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CB. Evercore reaffirmed an "outperform" rating and issued a $374.00 price target on shares of Chubb in a report on Friday, July 10th. Citizens Jmp restated a "market outperform" rating and issued a $400.00 target price on shares of Chubb in a report on Wednesday, July 22nd. Weiss Ratings downgraded Chubb from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Thursday, August 27th. Cantor Fitzgerald lifted their price target on Chubb from $318.00 to $337.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Finally, Morgan Stanley boosted their price target on shares of Chubb from $340.00 to $360.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $361.00.

Chubb Trading Up 2.7%

CB opened at $348.46 on Friday. The stock has a market capitalization of $134.44 billion, a PE ratio of 12.33, a P/E/G ratio of 1.62 and a beta of 0.37. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The business's 50 day moving average price is $348.27 and its 200 day moving average price is $334.40.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $11.97 billion during the quarter, compared to analysts' expectations of $15.07 billion. During the same quarter last year, the firm earned $6.14 earnings per share. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Chubb Limited will post 27.35 EPS for the current year.

Chubb Dividend Announcement

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

Chubb 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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