Planning Capital Management Corp Has $26,000 Stock Holdings in Chubb Limited (NYSE:CB)

Planning Capital Management Corp lowered its stake in Chubb Limited (NYSE:CB) by 56.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 90 shares of the financial services provider’s stock after selling 119 shares during the period. Planning Capital Management Corp’s holdings in Chubb were worth $26,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Pathway Financial Advisers LLC acquired a new position in Chubb during the 1st quarter worth approximately $25,000. Beacon Capital Management LLC boosted its stake in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of Chubb in the second quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb in the second quarter valued at $28,000. Finally, Kozak & Associates Inc. bought a new position in shares of Chubb during the third quarter valued at about $29,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CB shares. Roth Mkm raised their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $287.37.

Chubb Price Performance

NYSE CB opened at $286.90 on Friday. Chubb Limited has a 12 month low of $216.26 and a 12 month high of $302.05. The stock has a market cap of $115.65 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 6.64 and a beta of 0.67. The company’s 50 day moving average is $287.84 and its two-hundred day moving average is $272.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business posted $4.95 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Chubb Limited will post 21.64 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The trade was a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the transaction, the insider now owns 103,950 shares of the company’s stock, valued at $29,676,685.50. This represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is owned by company insiders.

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.