Nicolet Advisory Services LLC Purchases 117 Shares of Chubb Limited (NYSE:CB)

Nicolet Advisory Services LLC grew its position in Chubb Limited (NYSE:CB) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,580 shares of the financial services provider’s stock after acquiring an additional 117 shares during the period. Nicolet Advisory Services LLC’s holdings in Chubb were worth $456,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CB. Leelyn Smith LLC bought a new position in Chubb during the third quarter worth about $224,000. Nwam LLC acquired a new stake in shares of Chubb in the third quarter valued at approximately $273,000. Meridian Wealth Management LLC boosted its stake in shares of Chubb by 0.9% during the 3rd quarter. Meridian Wealth Management LLC now owns 5,041 shares of the financial services provider’s stock worth $1,454,000 after acquiring an additional 44 shares during the period. Raymond James Trust N.A. increased its holdings in shares of Chubb by 4.8% during the 3rd quarter. Raymond James Trust N.A. now owns 48,984 shares of the financial services provider’s stock worth $14,126,000 after acquiring an additional 2,236 shares during the last quarter. Finally, First County Bank CT raised its stake in Chubb by 20.7% in the 3rd quarter. First County Bank CT now owns 1,792 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 307 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Barclays started coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Morgan Stanley raised their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. JMP Securities increased their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price target on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target of $287.37.

Chubb Stock Performance

Shares of NYSE:CB opened at $285.21 on Friday. The company’s 50 day simple moving average is $287.46 and its 200 day simple moving average is $274.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The stock has a market capitalization of $114.97 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 6.65 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the company earned $4.95 EPS. Chubb’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts predict that Chubb Limited will post 21.77 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 5.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the sale, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. This represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock worth $23,803,540 in the last three months. 0.86% of the stock is owned by corporate 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.