Integrated Quantitative Investments LLC Makes New $759,000 Investment in Chubb Limited $CB

Integrated Quantitative Investments LLC bought a new stake in Chubb Limited (NYSE:CB) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 2,621 shares of the financial services provider’s stock, valued at approximately $759,000.

Other large investors have also made changes to their positions in the company. Western Wealth Management LLC increased its stake in Chubb by 13.1% in the second quarter. Western Wealth Management LLC now owns 2,574 shares of the financial services provider’s stock valued at $746,000 after acquiring an additional 299 shares during the last quarter. Cornerstone Advisors LLC lifted its stake in Chubb by 69.4% during the second quarter. Cornerstone Advisors LLC now owns 35,400 shares of the financial services provider’s stock worth $10,256,000 after purchasing an additional 14,500 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of Chubb by 14.8% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 19,053 shares of the financial services provider’s stock valued at $5,535,000 after purchasing an additional 2,461 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of Chubb by 183.0% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 4,072 shares of the financial services provider’s stock worth $1,180,000 after buying an additional 2,633 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. raised its holdings in shares of Chubb by 1.9% during the 2nd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 143,630 shares of the financial services provider’s stock worth $41,751,000 after buying an additional 2,693 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, October 22nd. Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Bank of America raised their price objective on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. Evercore ISI upped their target price on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, HSBC increased their target price on Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $307.79.

Chubb Trading Down 0.2%

Shares of CB stock opened at $295.75 on Monday. The stock has a 50-day moving average of $280.40 and a 200-day moving average of $280.92. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock 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 1-year low of $252.16 and a 1-year high of $306.91.

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

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the stock in a transaction dated 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 completion of the sale, 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 SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% 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 Company 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.