MQS Management LLC Makes New Investment in Chubb Limited (NYSE:CB)

MQS Management LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,250 shares of the financial services provider’s stock, valued at approximately $937,000. Chubb accounts for approximately 0.5% of MQS Management LLC’s portfolio, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Haverford Trust Co increased its stake in Chubb by 4.6% during the third quarter. Haverford Trust Co now owns 9,613 shares of the financial services provider’s stock valued at $2,772,000 after acquiring an additional 423 shares during the period. Missouri Trust & Investment Co lifted its position in shares of Chubb by 31.1% during the 3rd quarter. Missouri Trust & Investment Co now owns 3,118 shares of the financial services provider’s stock worth $899,000 after buying an additional 740 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in Chubb by 19.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,260 shares of the financial services provider’s stock valued at $2,959,000 after buying an additional 1,670 shares in the last quarter. Savvy Advisors Inc. bought a new stake in Chubb in the third quarter valued at $721,000. Finally, Ashton Thomas Private Wealth LLC raised its stake in Chubb by 7.9% during the third quarter. Ashton Thomas Private Wealth LLC now owns 2,079 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 153 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB stock opened at $283.03 on Wednesday. The firm’s 50 day moving average price is $287.99 and its two-hundred day moving average price is $272.59. 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 52-week low of $216.26 and a 52-week high of $302.05. The stock has a market cap of $114.09 billion, a PE ratio of 11.59, a PEG ratio of 6.59 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly 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 return on equity of 15.46% and a net margin of 18.32%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $4.95 EPS. As a group, analysts forecast that Chubb Limited will post 21.64 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Roth Mkm boosted their target price 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. Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI lifted 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. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $287.37.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the 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 sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is currently owned by company 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.