Apollon Wealth Management LLC Sells 75 Shares of Chubb Limited (NYSE:CB)

Apollon Wealth Management LLC cut its stake in Chubb Limited (NYSE:CB) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,940 shares of the financial services provider’s stock after selling 75 shares during the quarter. Apollon Wealth Management LLC’s holdings in Chubb were worth $5,462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CB. Wellington Shields & Co. LLC bought a new stake in shares of Chubb in the first quarter worth approximately $94,000. Great Diamond Partners LLC bought a new stake in shares of Chubb in the first quarter worth approximately $222,000. Bleakley Financial Group LLC grew its stake in shares of Chubb by 3.5% in the first quarter. Bleakley Financial Group LLC now owns 8,489 shares of the financial services provider’s stock worth $2,200,000 after acquiring an additional 289 shares during the period. Edmond DE Rothschild Holding S.A. grew its position in Chubb by 16.7% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,271 shares of the financial services provider’s stock valued at $329,000 after buying an additional 182 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position 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 valued at $59,914,000 after buying an additional 67,622 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 over the last quarter. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Piper Sandler boosted their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Morgan Stanley boosted their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Barclays started coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $287.37.

Chubb Price Performance

CB stock opened at $280.75 on Tuesday. Chubb Limited has a one year low of $216.26 and a one year high of $302.05. The company’s fifty day moving average price is $288.13 and its 200-day moving average price is $272.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $113.17 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 6.60 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, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the previous year, the business posted $4.95 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Chubb Limited will post 21.64 EPS for the current fiscal 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.