Lakeside Advisors INC. Has $1.10 Million Stock Position in Chubb Limited (NYSE:CB)

Lakeside Advisors INC. reduced its holdings in shares of Chubb Limited (NYSE:CB) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,988 shares of the financial services provider’s stock after selling 120 shares during the quarter. Chubb makes up approximately 0.7% of Lakeside Advisors INC.’s holdings, making the stock its 25th biggest position. Lakeside Advisors INC.’s holdings in Chubb were worth $1,102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC grew its position in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb during the 3rd quarter worth about $29,000. Raelipskie Partnership bought a new position in shares of Chubb in the 3rd quarter valued at about $29,000. Sierra Ocean LLC acquired a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the third quarter worth about $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Wells Fargo & Company reduced their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and an average target price of $295.73.

Chubb Stock Up 0.5 %

NYSE CB opened at $267.69 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $107.90 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 3.35 and a beta of 0.67. The company has a 50 day moving average of $270.77 and a 200-day moving average of $279.37. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

About Chubb

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.