Nordwand Advisors LLC Takes Position in Chubb Limited $CB

Nordwand Advisors LLC bought a new position in Chubb Limited (NYSE:CB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,281 shares of the financial services provider’s stock, valued at approximately $371,000.

Other large investors also recently bought and sold shares of the company. IMA Advisory Services Inc. bought a new stake in Chubb during the first quarter worth about $31,000. 1248 Management LLC purchased a new position in shares of Chubb during the first quarter valued at approximately $31,000. WPG Advisers LLC bought a new stake in shares of Chubb in the 1st quarter worth approximately $33,000. Maseco LLP bought a new stake in shares of Chubb in the 2nd quarter worth approximately $35,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Chubb by 391.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after buying an additional 94 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CB has been the subject of a number of recent research reports. Citigroup lifted their price objective on Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Keefe, Bruyette & Woods raised their price target on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, October 22nd. Evercore ISI upped their price target on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $309.00 price objective on shares of Chubb in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $308.05.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John J. Lupica sold 16,375 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $296.45, for a total value of $4,854,368.75. Following the transaction, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 45,903 shares of company stock valued at $13,245,483. 0.77% of the stock is currently owned by insiders.

Chubb Price Performance

CB opened at $296.71 on Wednesday. The company’s 50-day simple moving average is $281.15 and its two-hundred day simple moving average is $281.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The stock has a market capitalization of $116.77 billion, a P/E ratio of 12.38, a P/E/G ratio of 2.74 and a beta of 0.58. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $5.72 earnings per share. As a group, analysts predict that Chubb Limited will post 21.52 EPS for the current year.

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.