MJP Associates Inc. ADV Purchases 451 Shares of Chubb Limited $CB

MJP Associates Inc. ADV lifted its holdings in Chubb Limited (NYSE:CB) by 18.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,838 shares of the financial services provider’s stock after buying an additional 451 shares during the period. MJP Associates Inc. ADV’s holdings in Chubb were worth $822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. E Fund Management Co. Ltd. grew its stake in Chubb by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 36 shares during the period. Rise Advisors LLC lifted its stake in Chubb by 4.6% in the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after buying an additional 37 shares during the period. Sky Investment Group LLC boosted its holdings in shares of Chubb by 1.6% during the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after buying an additional 38 shares in the last quarter. Evermay Wealth Management LLC grew its position in shares of Chubb by 2.3% during the 2nd quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock worth $489,000 after buying an additional 38 shares during the period. Finally, Lincoln Capital LLC increased its stake in shares of Chubb by 0.6% in the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock valued at $2,022,000 after acquiring an additional 39 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Down 0.2%

Shares of NYSE CB opened at $295.75 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. The company has a 50-day moving average price of $280.40 and a 200-day moving average price of $280.98. The stock has a market capitalization of $116.39 billion, a P/E ratio of 12.34, a P/E/G ratio of 2.74 and a beta of 0.58. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.72 EPS. On average, equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CB shares. Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Bank of America upped their price objective on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. Citigroup increased their price objective on shares of Chubb from $326.00 to $331.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Evercore ISI raised their target price on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $307.79.

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.