Platform Technology Partners Sells 47 Shares of Chubb Limited (NYSE:CB)

Platform Technology Partners trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,018 shares of the financial services provider’s stock after selling 47 shares during the period. Platform Technology Partners’ holdings in Chubb were worth $2,601,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wellington Shields & Co. LLC bought a new position in Chubb in the first quarter worth approximately $94,000. Great Diamond Partners LLC bought a new position in shares of Chubb in the 1st quarter worth $222,000. Bleakley Financial Group LLC grew its position in Chubb by 3.5% in the 1st quarter. Bleakley Financial Group LLC now owns 8,489 shares of the financial services provider’s stock valued at $2,200,000 after purchasing an additional 289 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in Chubb by 16.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,271 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 182 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Chubb by 41.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 231,213 shares of the financial services provider’s stock worth $59,914,000 after buying an additional 67,622 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CB shares. Roth Mkm lifted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Jefferies Financial Group lifted their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada increased their price objective on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus target price of $287.37.

Insider Activity at Chubb

In other news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’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 owns 553,664 shares in the company, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

Chubb Trading Down 0.2 %

Shares of CB stock opened at $280.75 on Tuesday. 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 firm has a market cap of $113.17 billion, a P/E ratio of 11.50, a PEG ratio of 6.60 and a beta of 0.67. The company has a 50 day moving average of $288.06 and a 200-day moving average of $272.33. Chubb Limited has a 12-month low of $216.26 and a 12-month high of $302.05.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $4.95 earnings per share. Sell-side analysts anticipate that Chubb Limited will post 21.64 earnings per share for the current 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.