Coastline Trust Co Has $4.56 Million Stock Position in Chubb Limited (NYSE:CB)

Coastline Trust Co cut its stake in shares of Chubb Limited (NYSE:CB) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,827 shares of the financial services provider’s stock after selling 40 shares during the period. Coastline Trust Co’s holdings in Chubb were worth $4,564,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CB. Capital World Investors raised its stake in Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after buying an additional 685,677 shares during the period. Capital Research Global Investors raised its stake in Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after acquiring an additional 2,064,730 shares during the period. Ameriprise Financial Inc. raised its stake in Chubb by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock valued at $1,258,202,000 after acquiring an additional 63,891 shares during the period. Legal & General Group Plc lifted its holdings in Chubb by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock valued at $938,663,000 after purchasing an additional 104,986 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Chubb by 14.8% during the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock worth $918,294,000 after buying an additional 457,881 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. The trade was a 12.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 in the last 90 days. Insiders own 0.86% of the company’s stock.

Chubb Trading Up 0.4 %

CB opened at $288.00 on Friday. The company’s 50 day moving average is $287.84 and its 200-day moving average is $273.04. The company has a market cap of $116.09 billion, a P/E ratio of 11.79, a PEG ratio of 6.64 and a beta of 0.67. Chubb Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the previous year, the firm posted $4.95 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CB has been the subject of several research reports. Royal Bank of Canada raised their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Roth Mkm upped their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI raised their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Piper Sandler boosted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company raised their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average price target of $287.37.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.