Cpwm LLC reduced its position in shares of Chubb Ltd (NYSE:CB) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,744 shares of the financial services provider’s stock after selling 77 shares during the period. Cpwm LLC’s holdings in Chubb were worth $244,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG raised its stake in Chubb by 28.5% during the 4th quarter. Deutsche Bank AG now owns 1,006,879 shares of the financial services provider’s stock valued at $130,059,000 after purchasing an additional 223,100 shares during the last quarter. Strategic Advisors LLC raised its stake in Chubb by 47.7% during the 1st quarter. Strategic Advisors LLC now owns 2,936 shares of the financial services provider’s stock valued at $411,000 after purchasing an additional 948 shares during the last quarter. Vanguard Group Inc raised its stake in Chubb by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock valued at $4,982,160,000 after purchasing an additional 417,887 shares during the last quarter. Klingenstein Fields & Co. LLC raised its stake in Chubb by 10.2% during the 4th quarter. Klingenstein Fields & Co. LLC now owns 81,650 shares of the financial services provider’s stock valued at $10,548,000 after purchasing an additional 7,552 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Chubb by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,737,036 shares of the financial services provider’s stock valued at $900,339,000 after purchasing an additional 63,629 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on CB shares. Wells Fargo & Co set a $160.00 target price on shares of Chubb and gave the company a “buy” rating in a research note on Friday, January 18th. Zacks Investment Research cut shares of Chubb from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Raymond James cut their target price on shares of Chubb from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 11th. Morgan Stanley cut shares of Chubb from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Credit Suisse Group cut shares of Chubb from a “neutral” rating to an “underperform” rating and cut their target price for the company from $141.00 to $131.00 in a research note on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $151.00.
Shares of CB stock opened at $143.88 on Wednesday. Chubb Ltd has a 52-week low of $119.54 and a 52-week high of $145.76. The firm has a market capitalization of $65.64 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23.
Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. Chubb had a net margin of 11.55% and a return on equity of 8.76%. The company had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the prior year, the company posted $2.34 EPS. As a group, equities research analysts forecast that Chubb Ltd will post 10.53 earnings per share for the current year.
In other news, insider Paul J. Krump sold 3,450 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.00, for a total value of $500,250.00. Following the completion of the transaction, the insider now owns 139,160 shares in the company, valued at approximately $20,178,200. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael G. Atieh sold 2,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $141.87, for a total transaction of $283,740.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,766 shares of company stock valued at $3,523,173. Corporate insiders own 0.47% of the company’s stock.
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Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional 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 in the United States, Canada, and Bermuda.
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