Capital International Investors Sells 911,279 Shares of Chubb Limited $CB

Capital International Investors trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 26.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,524,584 shares of the financial services provider’s stock after selling 911,279 shares during the period. Capital International Investors’ holdings in Chubb were worth $788,051,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Spire Wealth Management boosted its holdings in shares of Chubb by 490.5% in the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after acquiring an additional 7,156 shares during the last quarter. Chesley Taft & Associates LLC boosted its holdings in shares of Chubb by 7.4% in the 4th quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock valued at $31,970,000 after acquiring an additional 7,043 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of Chubb by 42.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock valued at $4,446,000 after acquiring an additional 4,233 shares during the last quarter. waypoint wealth counsel boosted its holdings in shares of Chubb by 76.4% in the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after acquiring an additional 1,784 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in Chubb during the third quarter valued at $3,123,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.2%

Shares of NYSE:CB opened at $326.82 on Monday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The firm has a market capitalization of $126.76 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.67 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The business’s 50 day moving average price is $324.69 and its 200-day moving average price is $318.03.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities research analysts forecast that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CB has been the subject of a number of research reports. Cantor Fitzgerald restated a “neutral” rating and set a $315.00 target price on shares of Chubb in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Bank of America dropped their price objective on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $349.90.

Insiders Place Their Bets

In other news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.

About Chubb

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.