SG Americas Securities LLC Has $47.11 Million Stake in Chubb Limited $CB

SG Americas Securities LLC lowered its holdings in Chubb Limited (NYSE:CB) by 76.1% in the second quarter, Holdings Channel reports. The firm owned 162,588 shares of the financial services provider’s stock after selling 517,868 shares during the quarter. SG Americas Securities LLC’s holdings in Chubb were worth $47,105,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Modern Wealth Management LLC boosted its position in Chubb by 6.2% in the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after buying an additional 143 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Chubb by 14.1% in the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after acquiring an additional 8,828 shares during the last quarter. Trifecta Capital Advisors LLC lifted its stake in shares of Chubb by 764.7% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 130 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after acquiring an additional 7,065 shares in the last quarter. Finally, Legato Capital Management LLC grew its position in Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock worth $3,080,000 after acquiring an additional 5,582 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CB has been the subject of several research reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $300.00 target price on shares of Chubb in a research report on Monday, October 27th. Wolfe Research raised their price objective on shares of Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Wells Fargo & Company lifted their target price on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. UBS Group upped their price target on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $307.79.

Insiders Place Their Bets

In related news, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. This represents a 8.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the sale, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.77% of the company’s stock.

Chubb Stock Down 0.2%

Chubb stock opened at $295.75 on Friday. The firm has a market cap of $116.39 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.74 and a beta of 0.58. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The firm has a 50 day moving average price of $280.40 and a two-hundred day moving average price of $280.98.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same period in the prior year, the firm posted $5.72 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

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.