Chubb Limited (NYSE:CB) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 4.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,903 shares of the financial services provider’s stock after selling 179 shares during the period. Transcend Capital Advisors LLC’s holdings in Chubb were worth $1,078,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Continuum Advisory LLC grew its position in shares of 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 during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb in the 3rd quarter worth about $29,000. Raelipskie Partnership purchased a new stake in Chubb during the 3rd quarter worth approximately $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb during the fourth quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

NYSE:CB opened at $267.19 on Friday. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The stock’s fifty day moving average is $270.59 and its two-hundred day moving average is $279.36. The company has a market capitalization of $107.70 billion, a P/E ratio of 11.76, a P/E/G ratio of 3.35 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on CB. Morgan Stanley lifted their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Barclays dropped their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Evercore ISI raised their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus price target of $295.73.

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.