Cibc World Market Inc. Sells 2,042 Shares of Chubb Limited $CB

Cibc World Market Inc. decreased its stake in Chubb Limited (NYSE:CB) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,129 shares of the financial services provider’s stock after selling 2,042 shares during the period. Cibc World Market Inc.’s holdings in Chubb were worth $15,646,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Chubb in the 4th quarter valued at $31,000. Ares Financial Consulting LLC purchased a new stake in shares of Chubb in the 4th quarter valued at $32,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb in the 3rd quarter valued at $31,000. Finally, Cherry Tree Wealth Management LLC boosted its stake in shares of Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 3.9%

NYSE:CB opened at $326.82 on Friday. The company has a 50-day moving average price of $324.69 and a 200-day moving average price of $317.87. Chubb Limited has a 12 month low of $264.10 and a 12 month 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 stock has a market cap of $126.76 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.61 and a beta of 0.41.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The firm had revenue of $14.93 billion during the quarter. Equities analysts predict that Chubb Limited will post 26.8 EPS for the current year.

Analyst Upgrades and Downgrades

CB has been the subject of a number of research reports. BMO Capital Markets upped their price objective on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Mizuho cut their price objective on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. The Goldman Sachs Group upped their price objective 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. Wolfe Research upped their price objective 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. Finally, HSBC upped their price objective on shares of Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Two 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $349.90.

Insider Activity

In related news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by company insiders.

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.