NovaPoint Capital LLC Purchases 241 Shares of Chubb Limited (NYSE:CB)

NovaPoint Capital LLC lifted its position in Chubb Limited (NYSE:CB) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 17,532 shares of the financial services provider’s stock after acquiring an additional 241 shares during the period. Chubb comprises about 1.5% of NovaPoint Capital LLC’s holdings, making the stock its 19th biggest holding. NovaPoint Capital LLC’s holdings in Chubb were worth $4,844,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tyche Wealth Partners LLC boosted its holdings in shares of Chubb by 48.5% during the 4th quarter. Tyche Wealth Partners LLC now owns 2,128 shares of the financial services provider’s stock valued at $588,000 after buying an additional 695 shares in the last quarter. Choreo LLC boosted its holdings in shares of Chubb by 109.5% during the 4th quarter. Choreo LLC now owns 27,331 shares of the financial services provider’s stock valued at $7,540,000 after buying an additional 14,288 shares in the last quarter. Country Club Bank boosted its holdings in shares of Chubb by 28.2% during the 4th quarter. Country Club Bank now owns 1,885 shares of the financial services provider’s stock valued at $519,000 after buying an additional 415 shares in the last quarter. Virginia Wealth Management Group Inc. boosted its holdings in shares of Chubb by 0.6% during the 4th quarter. Virginia Wealth Management Group Inc. now owns 19,211 shares of the financial services provider’s stock valued at $5,308,000 after buying an additional 114 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in shares of Chubb by 83.2% during the 4th quarter. Y.D. More Investments Ltd now owns 458 shares of the financial services provider’s stock valued at $127,000 after buying an additional 208 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CB shares. Morgan Stanley boosted their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group boosted their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Up 0.2 %

Shares of CB opened at $272.73 on Thursday. The stock has a market capitalization of $109.94 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The business’s 50 day simple moving average is $274.59 and its 200-day simple moving average is $279.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities analysts expect that Chubb Limited will post 21.91 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.33%. Chubb’s payout ratio is presently 16.02%.

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.