Chubb Limited $CB Shares Sold by United Asset Strategies Inc.

United Asset Strategies Inc. lessened its stake in Chubb Limited (NYSE:CB) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,787 shares of the financial services provider’s stock after selling 251 shares during the period. United Asset Strategies Inc.’s holdings in Chubb were worth $807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. E Fund Management Co. Ltd. lifted its stake in Chubb by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock valued at $291,000 after buying an additional 36 shares during the last quarter. Rise Advisors LLC increased its holdings in shares of Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 37 shares during the period. Sky Investment Group LLC raised its position in Chubb by 1.6% in the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 38 shares during the last quarter. Evermay Wealth Management LLC boosted its stake in Chubb by 2.3% during the 2nd quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 38 shares during the period. Finally, Lincoln Capital LLC grew its position in Chubb by 0.6% during the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock worth $2,022,000 after purchasing an additional 39 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CB shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $309.00 target price on shares of Chubb in a report on Monday, October 27th. UBS Group upped their price target on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Barclays lifted their price objective on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. One equities research 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 given a Sell rating to the stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and an average price target of $307.79.

Chubb Stock Up 0.9%

CB stock opened at $294.91 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The firm has a market capitalization of $116.06 billion, a PE ratio of 12.31, a P/E/G ratio of 2.74 and a beta of 0.58. The company’s 50 day simple moving average is $279.71 and its 200-day simple moving average is $280.78.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $5.72 EPS. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by corporate 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.