Brookstone Capital Management Purchases 2,430 Shares of Chubb Limited $CB

Brookstone Capital Management boosted its position in Chubb Limited (NYSE:CB) by 112.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,590 shares of the financial services provider’s stock after buying an additional 2,430 shares during the quarter. Brookstone Capital Management’s holdings in Chubb were worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CB. Norges Bank bought a new position in shares of Chubb during the 2nd quarter valued at $1,195,137,000. Bank of America Corp DE lifted its stake in Chubb by 11.6% in the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after purchasing an additional 513,852 shares during the last quarter. London Co. of Virginia boosted its position in Chubb by 211.0% during the second quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after buying an additional 500,116 shares during the period. Altrinsic Global Advisors LLC boosted its position in Chubb by 46.9% during the second quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock valued at $403,535,000 after buying an additional 444,557 shares during the period. Finally, Troy Asset Management Ltd grew its stake in shares of Chubb by 89.1% during the second quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock valued at $229,872,000 after buying an additional 373,872 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 850 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the transaction, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. This represents a 34.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Lupica sold 16,375 shares of Chubb stock in a transaction that occurred 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 sale, the insider owned 74,225 shares in the company, valued at $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,333 shares of company stock worth $16,629,873 over the last three months. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $309.00 target price on shares of Chubb in a research note on Monday, October 27th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 22nd. UBS Group raised their target price on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Barclays lifted their target price on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Finally, Wolfe Research increased their price target on shares of Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $311.90.

Chubb Stock Performance

Shares of CB stock opened at $313.51 on Monday. The firm has a market capitalization of $123.38 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 3.58 and a beta of 0.51. The stock has a fifty day moving average of $294.47 and a 200 day moving average of $283.51. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $314.68. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same period in the prior year, the business earned $5.72 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio is presently 16.19%.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.