Cable Hill Partners LLC Has $208,000 Holdings in Chubb Limited (NYSE:CB)

Cable Hill Partners LLC cut its holdings in Chubb Limited (NYSE:CB) by 27.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 720 shares of the financial services provider’s stock after selling 269 shares during the period. Cable Hill Partners LLC’s holdings in Chubb were worth $208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb in the first quarter valued at approximately $25,000. Beacon Capital Management LLC increased its holdings in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares during the last quarter. Chilton Capital Management LLC acquired a new position in Chubb during the second quarter worth $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb during the second quarter worth $28,000. Finally, Kozak & Associates Inc. acquired a new position in Chubb during the third quarter worth $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The trade was a 0.66 % 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, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The trade was a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 over the last quarter. 0.86% of the stock is owned by company insiders.

Chubb Trading Up 1.2 %

CB opened at $286.90 on Friday. Chubb Limited has a twelve month low of $216.26 and a twelve month high of $302.05. The company has a 50-day simple moving average of $287.84 and a 200 day simple moving average of $272.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $115.65 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 6.64 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 for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the prior year, the business posted $4.95 earnings per share. Chubb’s revenue was up 5.5% compared to the same quarter last year. Analysts predict that Chubb Limited will post 21.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CB. Evercore ISI boosted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JMP Securities lifted their price objective on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Roth Mkm lifted their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Barclays initiated coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Chubb presently has an average rating of “Hold” and an average target price of $287.37.

Chubb Company 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.