Chubb Limited (NYSE:CB) is Confluence Investment Management LLC’s 4th Largest Position

Confluence Investment Management LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 587,389 shares of the financial services provider’s stock after selling 14,619 shares during the quarter. Chubb accounts for 2.3% of Confluence Investment Management LLC’s holdings, making the stock its 4th biggest holding. Confluence Investment Management LLC’s holdings in Chubb were worth $169,397,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CB. Pathway Financial Advisers LLC bought a new stake in Chubb in the first quarter worth about $25,000. Beacon Capital Management LLC lifted its stake in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Chilton Capital Management LLC purchased a new position in Chubb during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in Chubb in the 2nd quarter valued at $28,000. Finally, Kozak & Associates Inc. purchased a new stake in Chubb in the third quarter worth $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,636 shares of company stock valued at $24,874,208. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CB. Evercore ISI boosted their target price on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America raised their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $287.37.

Chubb Trading Down 0.7 %

Shares of NYSE:CB opened at $277.99 on Friday. The business’s 50-day moving average is $288.26 and its 200 day moving average is $271.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $216.26 and a 1 year high of $302.05. The firm has a market capitalization of $112.06 billion, a P/E ratio of 11.38, a P/E/G ratio of 6.49 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.95 earnings per share. On average, research analysts predict that Chubb Limited will post 21.6 earnings per share for the current fiscal 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.