Geode Capital Management LLC Sells 25,769 Shares of Chubb Limited $CB

Geode Capital Management LLC trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 0.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,884,175 shares of the financial services provider’s stock after selling 25,769 shares during the quarter. Geode Capital Management LLC owned 2.26% of Chubb worth $2,765,907,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CB. Spire Wealth Management grew its stake in shares of Chubb by 490.5% during the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock worth $2,689,000 after acquiring an additional 7,156 shares in the last quarter. Chesley Taft & Associates LLC grew its stake in shares of Chubb by 7.4% during the 4th quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after acquiring an additional 7,043 shares in the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Chubb by 42.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock worth $4,446,000 after acquiring an additional 4,233 shares in the last quarter. waypoint wealth counsel grew its stake in shares of Chubb by 76.4% during the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after acquiring an additional 1,784 shares in the last quarter. Finally, Caprock Group LLC bought a new position in shares of Chubb during the 3rd quarter worth approximately $3,123,000. 83.81% of the stock is owned by institutional investors.

Insider Transactions at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CB. Bank of America decreased their target price on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Wolfe Research raised their target price on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Jefferies Financial Group decreased their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. The Goldman Sachs Group raised their target price on shares of Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Finally, Barclays raised their target price on shares of Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.90.

Chubb Price Performance

NYSE:CB opened at $320.63 on Thursday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $326.20 and a 200 day simple moving average of $316.94. The stock has a market capitalization of $124.36 billion, a PE ratio of 11.32, a P/E/G ratio of 1.66 and a beta of 0.43.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion during the quarter. On average, research analysts expect that Chubb Limited will post 26.79 EPS for the current fiscal year.

Chubb Company 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.