Woodley Farra Manion Portfolio Management Inc. Acquires 2,693 Shares of Chubb Limited $CB

Woodley Farra Manion Portfolio Management Inc. boosted its holdings in Chubb Limited (NYSE:CB) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 143,630 shares of the financial services provider’s stock after purchasing an additional 2,693 shares during the quarter. Chubb comprises 2.0% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 22nd largest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in Chubb were worth $41,751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Modern Wealth Management LLC increased its holdings in Chubb by 6.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 143 shares in the last quarter. Assetmark Inc. raised its position in Chubb by 14.1% in the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after buying an additional 8,828 shares during the last quarter. Trifecta Capital Advisors LLC boosted its holdings in Chubb by 764.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 130 shares during the last quarter. Jump Financial LLC grew its stake in shares of Chubb by 633.6% in the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after acquiring an additional 7,065 shares in the last quarter. Finally, Legato Capital Management LLC raised its holdings in shares of Chubb by 120.9% in the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after purchasing an additional 5,582 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CB shares. Wolfe Research boosted their price target on shares of Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Barclays upped their target price on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Morgan Stanley dropped their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. JPMorgan Chase & Co. raised their target price on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $300.00 price target on shares of Chubb in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $307.79.

Insider Activity

In related news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. The trade was a 20.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. The trade was a 8.78% decrease in their position. The SEC filing for this sale provides additional information. 0.77% of the stock is owned by company insiders.

Chubb Stock Performance

Shares of CB opened at $295.75 on Friday. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. The stock’s fifty day moving average price is $280.40 and its two-hundred day moving average price is $280.98. The firm has a market cap of $116.39 billion, a PE ratio of 12.34, a PEG ratio of 2.74 and a beta of 0.58.

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

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.