Nicholas Hoffman & Company LLC. Makes New $338,000 Investment in Chubb Limited (NYSE:CB)

Nicholas Hoffman & Company LLC. purchased a new stake in shares of Chubb Limited (NYSE:CB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,326 shares of the financial services provider’s stock, valued at approximately $338,000.

A number of other hedge funds also recently modified their holdings of CB. Norges Bank acquired a new position in Chubb in the fourth quarter valued at $957,756,000. Capital Research Global Investors lifted its stake in shares of Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after purchasing an additional 2,064,730 shares during the period. Capital World Investors lifted its stake in shares of Chubb by 6.6% in the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after purchasing an additional 685,677 shares during the period. Confluence Investment Management LLC bought a new stake in shares of Chubb during the 1st quarter valued at about $165,932,000. Finally, Bank of Nova Scotia grew its stake in Chubb by 198.8% during the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after purchasing an additional 518,535 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $287.19 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock has a market cap of $116.62 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. The stock’s fifty day simple moving average is $268.26 and its two-hundred day simple moving average is $260.44. Chubb Limited has a 1-year low of $198.67 and a 1-year high of $293.13.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period last year, the firm earned $4.92 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. As a group, analysts forecast that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. Chubb’s payout ratio is presently 16.16%.

Insider Activity

In related news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares in the company, valued at $11,261,558.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the transaction, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. The disclosure for this sale can be found here. Insiders sold a total of 27,382 shares of company stock valued at $7,609,745 over the last three months. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their price target on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Barclays started coverage on shares of Chubb in a research report on Wednesday. They set an “overweight” rating and a $349.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Morgan Stanley dropped their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Royal Bank of Canada raised their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Chubb currently has an average rating of “Hold” and an average price target of $274.70.

Chubb Profile

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.