Klingman & Associates LLC Buys Shares of 846 Chubb Limited (NYSE:CB)

Klingman & Associates LLC bought a new position in Chubb Limited (NYSE:CB) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 846 shares of the financial services provider’s stock, valued at approximately $255,000.

Several other hedge funds also recently bought and sold shares of CB. Peoples Bank KS acquired a new position in Chubb during the 1st quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in Chubb during the first quarter worth $25,000. North Capital Inc. acquired a new stake in Chubb during the first quarter worth $26,000. IMA Advisory Services Inc. acquired a new stake in Chubb during the first quarter worth $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 89 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CB shares. UBS Group lowered their price target on Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft cut Chubb from a “buy” rating to a “hold” rating and set a $303.00 price target for the company. in a report on Tuesday, May 20th. Barclays cut Chubb from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $321.00 to $298.00 in a report on Monday, July 7th. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Cantor Fitzgerald began coverage on Chubb in a report on Tuesday. They set a “neutral” rating and a $290.00 price target for the company. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $302.31.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares of the company’s stock, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John W. Keogh sold 85,083 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the transaction, the chief operating officer owned 237,728 shares of the company’s stock, valued at approximately $68,998,174.72. This represents a 26.36% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,390 shares of company stock valued at $29,163,135. 0.77% of the stock is currently owned by insiders.

Chubb Stock Up 2.0%

NYSE:CB opened at $275.04 on Thursday. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a market cap of $109.66 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 3.05 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s fifty day moving average price is $278.56 and its two-hundred day moving average price is $282.43.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $12.53 billion. During the same period last year, the firm earned $5.38 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb declared that its Board of Directors has authorized a share repurchase program on Thursday, May 15th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Chubb Profile

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.