Chubb Limited $CB Shares Bought by Western Wealth Management LLC

Western Wealth Management LLC lifted its holdings in Chubb Limited (NYSE:CB) by 13.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,574 shares of the financial services provider’s stock after purchasing an additional 299 shares during the period. Western Wealth Management LLC’s holdings in Chubb were worth $746,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. IMA Advisory Services Inc. acquired a new stake in Chubb during the first quarter worth about $31,000. 1248 Management LLC acquired a new position in Chubb in the first quarter valued at approximately $31,000. WPG Advisers LLC bought a new position in shares of Chubb during the first quarter valued at approximately $33,000. Maseco LLP acquired a new stake in shares of Chubb during the 2nd quarter worth approximately $35,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Chubb by 391.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 94 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.1%

Shares of Chubb stock opened at $295.73 on Tuesday. The business has a fifty day simple moving average of $280.76 and a 200-day simple moving average of $281.00. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The firm has a market cap of $116.39 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on CB. JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. UBS Group boosted their price target on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $300.00 price objective on shares of Chubb in a report on Monday, October 27th. Finally, Evercore ISI upped their target price on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $308.05.

Insider Buying and Selling

In related news, insider John J. Lupica sold 23,698 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $1,731,976.40. Following the sale, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.77% of the stock is owned by insiders.

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.