Gamco Investors INC. ET AL Has $2.49 Million Holdings in Chubb Ltd (NYSE:CB)

Gamco Investors INC. ET AL reduced its stake in shares of Chubb Ltd (NYSE:CB) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,414 shares of the financial services provider’s stock after selling 965 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Chubb were worth $2,488,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CB. Nuveen Asset Management LLC raised its stake in shares of Chubb by 37,306.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,848,945 shares of the financial services provider’s stock valued at $714,201,000 after buying an additional 4,835,982 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of Chubb by 10.7% in the 3rd quarter. WCM Investment Management LLC now owns 16,091,448 shares of the financial services provider’s stock valued at $2,597,802,000 after buying an additional 1,558,674 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Chubb by 84.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,848,447 shares of the financial services provider’s stock valued at $419,548,000 after buying an additional 1,304,154 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Chubb by 24.1% in the 2nd quarter. California Public Employees Retirement System now owns 3,347,877 shares of the financial services provider’s stock valued at $493,109,000 after buying an additional 650,643 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its stake in shares of Chubb by 15,106.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 397,798 shares of the financial services provider’s stock valued at $39,780,000 after buying an additional 395,182 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

In other Chubb news, insider John J. Lupica sold 6,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $158.15, for a total transaction of $948,900.00. Following the sale, the insider now owns 168,037 shares of the company’s stock, valued at approximately $26,575,051.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 6,500 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $158.05, for a total transaction of $1,027,325.00. Following the sale, the executive vice president now directly owns 77,201 shares in the company, valued at approximately $12,201,618.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,560 shares of company stock worth $4,103,222. Insiders own 0.47% of the company’s stock.

Shares of CB traded down $1.41 during trading hours on Friday, hitting $151.51. The stock had a trading volume of 1,105,233 shares, compared to its average volume of 1,547,209. The company’s fifty day moving average is $154.82 and its two-hundred day moving average is $151.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Ltd has a 52 week low of $119.54 and a 52 week high of $162.44. The stock has a market capitalization of $67.45 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.44 and a beta of 0.68.

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 the Thomson Reuters’ consensus estimate of $2.64 by $0.06. Chubb had a net margin of 10.48% and a return on equity of 8.60%. The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the firm earned $2.41 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts predict that Chubb Ltd will post 10.36 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group upgraded shares of Chubb from an “underperform” rating to an “outperform” rating and increased their price objective for the company from $145.00 to $165.00 in a research note on Tuesday, November 5th. William Blair restated an “underperform” rating on shares of Chubb in a research note on Wednesday, October 30th. Evercore ISI assumed coverage on shares of Chubb in a research note on Thursday, October 17th. They issued an “in-line” rating and a $149.00 price objective for the company. Wells Fargo & Co increased their price objective on shares of Chubb from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, UBS Group increased their price objective on shares of Chubb from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Chubb has a consensus rating of “Hold” and an average target price of $158.73.

About Chubb

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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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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