Wealth Quarterback LLC Reduces Holdings in Chubb Limited (NYSE:CB)

Wealth Quarterback LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 11.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,648 shares of the financial services provider’s stock after selling 762 shares during the period. Chubb comprises about 0.8% of Wealth Quarterback LLC’s holdings, making the stock its 22nd largest position. Wealth Quarterback LLC’s holdings in Chubb were worth $1,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Shields & Co. LLC purchased a new stake in Chubb in the first quarter valued at approximately $94,000. LSV Asset Management boosted its stake in Chubb by 463.9% during the 1st quarter. LSV Asset Management now owns 79,499 shares of the financial services provider’s stock worth $20,601,000 after purchasing an additional 65,400 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Chubb by 28.8% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,464 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 327 shares during the last quarter. PFG Advisors increased its stake in Chubb by 10.9% in the first quarter. PFG Advisors now owns 1,712 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 168 shares during the period. Finally, Smithfield Trust Co raised its holdings in shares of Chubb by 3.9% in the first quarter. Smithfield Trust Co now owns 1,292 shares of the financial services provider’s stock valued at $335,000 after buying an additional 48 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE CB opened at $281.40 on Friday. Chubb Limited has a 52 week low of $216.26 and a 52 week high of $302.05. The stock has a market cap of $113.43 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 6.49 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $288.13 and its 200 day moving average price is $271.73.

Chubb (NYSE:CB) last issued its quarterly earnings data 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 firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.95 EPS. As a group, research analysts forecast that Chubb Limited will post 21.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

CB has been the topic of a number of research reports. Morgan Stanley raised 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. JMP Securities increased their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price target on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Piper Sandler lifted their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $287.37.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was 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 in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is currently owned by insiders.

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.