Compass Capital Management Inc. Makes New $2.65 Million Investment in Chubb Limited $CB

Compass Capital Management Inc. bought a new stake in Chubb Limited (NYSE:CB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,160 shares of the financial services provider’s stock, valued at approximately $2,654,000.

Several other hedge funds also recently bought and sold shares of CB. Berkshire Hathaway Inc acquired a new stake in shares of Chubb during the 2nd quarter valued at about $11,670,067,000. BlackRock Inc. acquired a new position in Chubb in the second quarter worth approximately $9,913,336,000. GQG Partners LLC bought a new position in Chubb during the second quarter valued at approximately $4,250,113,000. Bank of America Corp DE raised its position in Chubb by 3.1% during the first quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock valued at $1,599,868,000 after acquiring an additional 147,876 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Chubb during the second quarter valued at approximately $1,042,549,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 1.0%

CB opened at $375.34 on Friday. The firm has a market cap of $143.41 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.72 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s 50-day simple moving average is $348.93 and its 200-day simple moving average is $337.20. Chubb Limited has a twelve month low of $291.03 and a twelve month high of $384.26.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.89. The firm had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same period last year, the firm posted $7.49 EPS. Equities research analysts anticipate that Chubb Limited will post 28.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Evan Greenberg sold 13,889 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $360.02, for a total value of $5,000,317.78. Following the transaction, the chief executive officer directly owned 277,274 shares of the company’s stock, valued at $99,824,185.48. The trade was a 4.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Boroughs sold 13,596 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the transaction, the executive vice president directly owned 5,588 shares in the company, valued at $1,993,630.76. The trade was a 70.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 32,985 shares of company stock valued at $11,748,463. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CB has been the subject of a number of analyst reports. Citizens Jmp reiterated a “market outperform” rating and issued a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Morgan Stanley upped their price target on Chubb from $350.00 to $360.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 27th. Citigroup restated a “buy” rating and issued a $405.00 price objective (up from $395.00) on shares of Chubb in a research note on Wednesday, October 21st. Weiss Ratings raised shares of Chubb from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday, October 16th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $380.00 target price on shares of Chubb in a research report on Monday, October 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $362.78.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.