Northcape Wealth Management LLC Has $3.38 Million Stock Holdings in Chubb Limited (NYSE:CB)

Northcape Wealth Management LLC decreased its position in Chubb Limited (NYSE:CB) by 7.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,731 shares of the financial services provider’s stock after selling 982 shares during the period. Chubb makes up 1.1% of Northcape Wealth Management LLC’s portfolio, making the stock its 28th largest position. Northcape Wealth Management LLC’s holdings in Chubb were worth $3,383,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new position in Chubb in the first quarter valued at about $25,000. Beacon Capital Management LLC lifted its holdings in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Chubb in the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new stake in Chubb during the 2nd quarter worth approximately $28,000. Finally, Kozak & Associates Inc. acquired a new stake in Chubb during the 3rd quarter worth approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Roth Mkm upped their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Piper Sandler increased their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods boosted their price target on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JMP Securities upped their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley lifted their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus target price of $287.37.

Chubb Trading Up 0.4 %

Shares of NYSE:CB opened at $288.00 on Friday. The company has a 50-day simple moving average of $287.84 and a 200 day simple moving average of $273.04. The company has a market capitalization of $116.09 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $4.95 earnings per share. Sell-side analysts forecast that Chubb Limited will post 21.66 earnings per share for the current year.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This represents a 8.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 in the last quarter. 0.86% of the stock is currently owned by insiders.

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.