Chubb Limited $CB Shares Acquired by WealthShield Partners LLC

WealthShield Partners LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 676.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,645 shares of the financial services provider’s stock after acquiring an additional 6,661 shares during the period. WealthShield Partners LLC’s holdings in Chubb were worth $2,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Chubb by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,401 shares of the financial services provider’s stock valued at $26,481,000 after purchasing an additional 6,180 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Chubb by 23.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 1,279 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 242 shares during the period. CFO4Life Group LLC boosted its stake in shares of Chubb by 2.0% during the 2nd quarter. CFO4Life Group LLC now owns 2,876 shares of the financial services provider’s stock worth $833,000 after acquiring an additional 56 shares in the last quarter. Advisors Capital Management LLC grew its holdings in shares of Chubb by 11.8% in the 2nd quarter. Advisors Capital Management LLC now owns 4,275 shares of the financial services provider’s stock worth $1,239,000 after acquiring an additional 452 shares during the period. Finally, L & S Advisors Inc raised its stake in shares of Chubb by 42.6% during the 2nd quarter. L & S Advisors Inc now owns 9,743 shares of the financial services provider’s stock worth $2,823,000 after buying an additional 2,912 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 0.2%

CB opened at $295.75 on Friday. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm has a 50 day moving average price of $280.40 and a 200 day moving average price of $280.98. 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 company has a market cap of $116.39 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the prior year, the business earned $5.72 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Analyst Ratings Changes

CB has been the topic of a number of analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $283.00 target price on shares of Chubb in a report on Thursday, October 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Citigroup raised their target price 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Finally, Wolfe Research lifted their price target on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $307.79.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction that occurred on Thursday, November 13th. The shares were 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 trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the transaction, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.