Deseret Mutual Benefit Administrators Cuts Stock Position in Chubb Limited (NYSE:CB)

Deseret Mutual Benefit Administrators reduced its position in Chubb Limited (NYSE:CB) by 7.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 568 shares of the financial services provider’s stock after selling 47 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Chubb were worth $164,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new stake in Chubb in the first quarter valued at about $147,000. GSA Capital Partners LLP purchased a new position in shares of Chubb during the 1st quarter worth approximately $961,000. Wellington Shields & Co. LLC acquired a new stake in shares of Chubb in the 1st quarter valued at approximately $94,000. Advisory Alpha LLC boosted its stake in shares of Chubb by 11.9% in the first quarter. Advisory Alpha LLC now owns 1,434 shares of the financial services provider’s stock valued at $372,000 after buying an additional 153 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Chubb by 3.9% during the first quarter. Manchester Capital Management LLC now owns 1,723 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This trade 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.

Analysts Set New Price Targets

A number of research firms have commented on CB. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Wells Fargo & Company upped their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. 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 data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $287.37.

Chubb Stock Up 1.0 %

CB stock opened at $280.02 on Thursday. Chubb Limited has a one year low of $216.26 and a one year high of $302.05. The stock has a market capitalization of $112.88 billion, a P/E ratio of 11.47, a PEG ratio of 6.52 and a beta of 0.67. The company has a 50 day moving average price of $288.26 and a two-hundred day moving average price of $271.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.95 earnings per share. As a group, sell-side analysts expect that Chubb Limited will post 21.6 EPS for the current year.

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.