111 Capital Reduces Holdings in Chubb Limited $CB

111 Capital lowered its position in shares of Chubb Limited (NYSE:CB) by 84.9% during the fourth quarter, HoldingsChannel reports. The firm owned 700 shares of the financial services provider’s stock after selling 3,936 shares during the period. 111 Capital’s holdings in Chubb were worth $218,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CB. Berkshire Hathaway Inc raised its stake in shares of Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after purchasing an additional 4,299,111 shares during the period. Norges Bank purchased a new stake in shares of Chubb during the fourth quarter valued at approximately $1,081,190,000. AQR Capital Management LLC raised its stake in shares of Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock valued at $785,468,000 after purchasing an additional 1,199,963 shares during the period. Woodline Partners LP purchased a new stake in shares of Chubb during the third quarter valued at approximately $220,217,000. Finally, Amundi raised its stake in shares of Chubb by 55.4% during the third quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock valued at $557,493,000 after purchasing an additional 693,740 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction on 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 owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent analyst reports. Citizens Jmp raised their price target on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Citigroup raised their price target on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Barclays raised their price target on shares of Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and a consensus target price of $349.90.

Chubb Stock Performance

Chubb stock opened at $326.82 on Monday. The company has a market cap of $126.76 billion, a PE ratio of 11.54, a P/E/G ratio of 1.67 and a beta of 0.41. The company has a fifty day moving average price of $324.69 and a two-hundred day moving average price of $318.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67.

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

Chubb 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.