Nicollet Investment Management Inc. Purchases 90 Shares of Chubb Limited (NYSE:CB)

Nicollet Investment Management Inc. boosted its holdings in shares of Chubb Limited (NYSE:CB) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,534 shares of the financial services provider’s stock after acquiring an additional 90 shares during the quarter. Chubb makes up approximately 1.3% of Nicollet Investment Management Inc.’s portfolio, making the stock its 28th largest holding. Nicollet Investment Management Inc.’s holdings in Chubb were worth $3,903,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its position in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in Chubb during the 1st quarter valued at approximately $25,000. Kozak & Associates Inc. bought a new stake in Chubb during the 3rd quarter valued at approximately $29,000. Chilton Capital Management LLC acquired a new stake in Chubb in the 2nd quarter valued at approximately $26,000. Finally, Kimelman & Baird LLC bought a new position in Chubb in the 2nd quarter worth approximately $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on CB shares. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Stock Up 0.4 %

Shares of CB opened at $288.00 on Friday. The business’s fifty day moving average price is $287.84 and its two-hundred day moving average price is $273.04. The firm has a market capitalization of $116.09 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 6.64 and a beta of 0.67. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05. 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 (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the company earned $4.95 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Chubb Limited will post 21.66 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 over the last ninety days. Insiders own 0.86% of the company’s stock.

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.