Chubb Limited $CB Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC trimmed its position in Chubb Limited (NYSE:CB) by 63.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,279 shares of the financial services provider’s stock after selling 9,363 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Chubb were worth $1,648,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Smith Chas P & Associates PA Cpas boosted its stake in Chubb by 65.4% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 157,607 shares of the financial services provider’s stock valued at $49,192,000 after acquiring an additional 62,321 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Chubb in the fourth quarter valued at approximately $1,272,000. King Luther Capital Management Corp boosted its stake in Chubb by 4.9% in the fourth quarter. King Luther Capital Management Corp now owns 7,939 shares of the financial services provider’s stock valued at $2,478,000 after acquiring an additional 370 shares in the last quarter. TrustBank acquired a new stake in Chubb in the fourth quarter valued at approximately $80,000. Finally, Roundview Capital LLC boosted its stake in Chubb by 8.7% in the fourth quarter. Roundview Capital LLC now owns 8,352 shares of the financial services provider’s stock valued at $2,607,000 after acquiring an additional 667 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Down 0.1%

NYSE:CB opened at $311.54 on Monday. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The firm has a fifty day simple moving average of $325.57 and a 200-day simple moving average of $317.31. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $120.84 billion, a P/E ratio of 11.00, a PEG ratio of 1.59 and a beta of 0.41.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The firm had revenue of $14.93 billion during the quarter. On average, equities research analysts anticipate that Chubb Limited will post 26.8 earnings per share for the current year.

Insider Buying and Selling at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CB. UBS Group restated a “neutral” rating and issued a $340.00 target price on shares of Chubb in a research note on Monday, February 9th. Roth Mkm lifted their price objective on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. HSBC lifted their price objective on shares of Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Barclays lifted their price objective on shares of Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, Wolfe Research lifted their price objective on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and a consensus target price of $349.90.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.