Chubb Limited $CB Stock: Diversified Trust Co Trims Holdings

Diversified Trust Co decreased its stake in Chubb Limited (NYSE:CB) by 7.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,004 shares of the financial services provider’s stock after selling 3,946 shares during the period. Diversified Trust Co’s holdings in Chubb were worth $15,613,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Atticus Wealth Management LLC raised its holdings in Chubb by 3.7% during the third quarter. Atticus Wealth Management LLC now owns 815 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 29 shares in the last quarter. Essential Investment Partners LLC boosted its position in Chubb by 51.8% during the third quarter. Essential Investment Partners LLC now owns 85 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 29 shares during the last quarter. Freedom Day Solutions LLC grew its stake in Chubb by 0.4% in the third quarter. Freedom Day Solutions LLC now owns 8,241 shares of the financial services provider’s stock valued at $2,681,000 after purchasing an additional 31 shares in the last quarter. United Asset Strategies Inc. grew its stake in Chubb by 1.1% in the third quarter. United Asset Strategies Inc. now owns 3,034 shares of the financial services provider’s stock valued at $987,000 after purchasing an additional 32 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC grew its stake in Chubb by 4.9% in the third quarter. Baker Tilly Wealth Management LLC now owns 722 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 1.0%

Shares of NYSE:CB opened at $375.34 on Friday. Chubb Limited has a 52-week low of $291.03 and a 52-week high of $384.26. 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 company has a market capitalization of $143.41 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.72 and a beta of 0.29. The company has a 50-day simple moving average of $348.93 and a 200 day simple moving average of $337.20.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. The firm had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same quarter in the previous year, the business earned $7.49 earnings per share. Sell-side analysts forecast that Chubb Limited will post 28.89 earnings per share for the current year.

Insider Activity

In related news, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 in the company, valued at $99,824,185.48. The trade was a 4.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,985 shares of company stock valued at $11,748,463 over the last three months. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CB shares. Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Wells Fargo & Company increased their price objective on Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. TD Cowen raised their target price on shares of Chubb from $360.00 to $379.00 and gave the company a “hold” rating in a research note on Wednesday, October 28th. Morgan Stanley boosted their target price on shares of Chubb from $350.00 to $360.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 27th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus price target of $362.78.

About Chubb

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.