CoreCap Advisors LLC Has $199,000 Position in Chubb Limited (NYSE:CB)

CoreCap Advisors LLC reduced its stake in shares of Chubb Limited (NYSE:CBGet Rating) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,013 shares of the financial services provider’s stock after selling 53 shares during the quarter. CoreCap Advisors LLC’s holdings in Chubb were worth $199,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Soltis Investment Advisors LLC bought a new position in Chubb during the second quarter valued at approximately $2,805,000. Trexquant Investment LP raised its position in Chubb by 496.0% during the second quarter. Trexquant Investment LP now owns 48,274 shares of the financial services provider’s stock valued at $9,490,000 after acquiring an additional 40,174 shares in the last quarter. Atria Investments LLC raised its position in Chubb by 20.6% during the second quarter. Atria Investments LLC now owns 35,903 shares of the financial services provider’s stock valued at $7,058,000 after acquiring an additional 6,140 shares in the last quarter. AXS Investments LLC bought a new position in Chubb during the second quarter valued at approximately $988,000. Finally, Nicollet Investment Management Inc. raised its position in Chubb by 3.4% during the second quarter. Nicollet Investment Management Inc. now owns 14,656 shares of the financial services provider’s stock valued at $2,881,000 after acquiring an additional 476 shares in the last quarter. 87.97% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Up 0.5 %

Shares of Chubb stock opened at $214.15 on Thursday. The company’s fifty day simple moving average is $197.11 and its 200-day simple moving average is $196.48. The company has a market cap of $88.88 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.37 and a beta of 0.70. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. Chubb Limited has a 1 year low of $173.78 and a 1 year high of $218.99.

Chubb (NYSE:CBGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.15. Chubb had a net margin of 14.70% and a return on equity of 11.89%. The firm had revenue of $10.75 billion for the quarter, compared to the consensus estimate of $10.71 billion. During the same quarter in the previous year, the company earned $2.64 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts expect that Chubb Limited will post 15.41 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $3.32 dividend on an annualized basis and a yield of 1.55%. Chubb’s dividend payout ratio is currently 23.15%.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $209.51, for a total value of $3,142,650.00. Following the sale, the executive vice president now owns 45,117 shares in the company, valued at approximately $9,452,462.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Sean Ringsted sold 12,686 shares of Chubb stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $210.37, for a total value of $2,668,753.82. Following the completion of the transaction, the executive vice president now directly owns 212,995 shares of the company’s stock, valued at $44,807,758.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 15,000 shares of Chubb stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $209.51, for a total value of $3,142,650.00. Following the completion of the transaction, the executive vice president now directly owns 45,117 shares of the company’s stock, valued at $9,452,462.67. The disclosure for this sale can be found here. Insiders have sold 77,527 shares of company stock worth $15,811,469 over the last 90 days. Corporate insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several recent research reports. StockNews.com initiated coverage on shares of Chubb in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Raymond James lifted their price target on shares of Chubb from $260.00 to $270.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 27th. Jefferies Financial Group dropped their price target on shares of Chubb from $244.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, October 7th. Morgan Stanley lifted their price target on shares of Chubb from $216.00 to $220.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Wells Fargo & Company lifted their price target on shares of Chubb from $250.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, October 27th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $234.73.

About Chubb

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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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

See Also

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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