Meeder Advisory Services Inc. Reduces Stake in Chubb Limited (NYSE:CB)

Meeder Advisory Services Inc. lowered its holdings in Chubb Limited (NYSE:CB) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,851 shares of the financial services provider’s stock after selling 157 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Chubb were worth $2,553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Drive Wealth Management LLC lifted its stake in shares of Chubb by 4.6% in the 3rd quarter. Drive Wealth Management LLC now owns 1,238 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 55 shares during the period. TrinityPoint Wealth LLC bought a new position in Chubb during the 3rd quarter valued at approximately $227,000. Claro Advisors LLC increased its holdings in shares of Chubb by 9.8% in the 3rd quarter. Claro Advisors LLC now owns 7,945 shares of the financial services provider’s stock worth $2,291,000 after purchasing an additional 709 shares in the last quarter. Concord Asset Management LLC VA grew its holdings in shares of Chubb by 45.1% in the third quarter. Concord Asset Management LLC VA now owns 6,906 shares of the financial services provider’s stock worth $1,992,000 after acquiring an additional 2,147 shares during the period. Finally, Schear Investment Advisers LLC grew its holdings in shares of Chubb by 16.8% in the third quarter. Schear Investment Advisers LLC now owns 6,816 shares of the financial services provider’s stock worth $1,966,000 after acquiring an additional 978 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $286.89 on Monday. The business’s 50-day moving average is $287.84 and its two-hundred day moving average is $273.37. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The company has a market capitalization of $115.65 billion, a P/E ratio of 11.79, a P/E/G ratio of 6.71 and a beta of 0.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.95 EPS. Research analysts predict that Chubb Limited will post 21.77 earnings per share for the current year.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders 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.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CB. JMP Securities lifted their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price on the stock. Bank of America lifted their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Evercore ISI boosted their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their target price on 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 issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $287.37.

About Chubb

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.