Fayerweather Charles reduced its stake in shares of Chubb Ltd (NYSE:CB) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,380 shares of the financial services provider’s stock after selling 935 shares during the quarter. Chubb comprises 3.0% of Fayerweather Charles’ portfolio, making the stock its 15th biggest position. Fayerweather Charles’ holdings in Chubb were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC bought a new position in shares of Chubb during the 3rd quarter valued at about $26,000. JNBA Financial Advisors lifted its holdings in shares of Chubb by 223.2% during the 2nd quarter. JNBA Financial Advisors now owns 181 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 125 shares in the last quarter. Mcmillion Capital Management Inc. bought a new position in shares of Chubb during the 2nd quarter valued at about $27,000. Liberty Wealth Management LLC lifted its stake in Chubb by 176.5% in the 3rd quarter. Liberty Wealth Management LLC now owns 188 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 120 shares in the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in Chubb in the 2nd quarter valued at approximately $28,000. Institutional investors own 88.08% of the company’s stock.
Shares of Chubb stock traded down $1.41 on Friday, reaching $151.51. 1,161,616 shares of the company were exchanged, compared to its average volume of 1,547,209. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $67.45 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.44 and a beta of 0.68. Chubb Ltd has a one year low of $119.54 and a one year high of $162.44. The company has a 50-day moving average of $154.96 and a 200 day moving average of $151.42.
Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.06. The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.82 billion. Chubb had a return on equity of 8.60% and a net margin of 10.48%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.41 EPS. Analysts predict that Chubb Ltd will post 10.36 earnings per share for the current year.
Several equities research analysts have commented on CB shares. Raymond James boosted their target price on Chubb from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Credit Suisse Group upgraded Chubb from an “underperform” rating to an “outperform” rating and boosted their target price for the company from $145.00 to $165.00 in a research note on Tuesday. ValuEngine cut Chubb from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley boosted their target price on Chubb from $154.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. Finally, JMP Securities reiterated an “outperform” rating on shares of Chubb in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $158.73.
In related news, EVP Timothy Alan Boroughs sold 14,060 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $151.28, for a total transaction of $2,126,996.80. Following the transaction, the executive vice president now directly owns 185,375 shares of the company’s stock, valued at approximately $28,043,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $158.15, for a total value of $948,900.00. Following the transaction, the insider now directly owns 168,037 shares in the company, valued at $26,575,051.55. The disclosure for this sale can be found here. Insiders have sold a total of 26,560 shares of company stock worth $4,103,222 over the last three months. 0.47% of the stock is owned by insiders.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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