Sentry Investment Management LLC Sells 249 Shares of Chubb Limited (NYSE:CB)

Sentry Investment Management LLC trimmed its stake in Chubb Limited (NYSE:CB) by 14.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,529 shares of the financial services provider’s stock after selling 249 shares during the period. Sentry Investment Management LLC’s holdings in Chubb were worth $422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC raised its position in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the 3rd quarter valued at approximately $29,000. Raelipskie Partnership bought a new position in Chubb during the 3rd quarter worth approximately $29,000. Sierra Ocean LLC bought a new position in Chubb during the 4th quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb in the 3rd quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of CB opened at $273.45 on Tuesday. The stock has a market cap of $110.23 billion, a P/E ratio of 12.04, a P/E/G ratio of 3.36 and a beta of 0.67. The business’s fifty day moving average is $270.54 and its 200 day moving average is $279.58. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CB. JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $295.73.

Chubb 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.