Moors & Cabot Inc. Buys 845 Shares of Chubb Limited (NYSE:CB)

Moors & Cabot Inc. lifted its holdings in Chubb Limited (NYSE:CB) by 7.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,825 shares of the financial services provider’s stock after acquiring an additional 845 shares during the period. Moors & Cabot Inc.’s holdings in Chubb were worth $3,410,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CB. Ameriprise Financial Inc. boosted its stake in shares of Chubb by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock valued at $1,258,202,000 after purchasing an additional 63,891 shares in the last quarter. Legal & General Group Plc increased its holdings in Chubb by 2.9% in the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock valued at $938,663,000 after buying an additional 104,986 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Chubb by 14.8% in the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after buying an additional 457,881 shares in the last quarter. Raymond James & Associates increased its stake in shares of Chubb by 2.9% during the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock worth $778,270,000 after purchasing an additional 87,059 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Chubb by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock worth $586,207,000 after purchasing an additional 160,335 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CB shares. Royal Bank of Canada boosted their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Roth Mkm increased their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Barclays assumed coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Bank of America lifted their price target 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. Finally, Piper Sandler lifted 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. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given 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 an average target price of $287.37.

Insider Activity at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 5.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,715 shares of company stock worth $23,803,540 in the last three months. 0.86% of the stock is owned by insiders.

Chubb Trading Down 0.4 %

CB opened at $282.81 on Thursday. 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 stock has a market cap of $114.00 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 6.71 and a beta of 0.67. The company has a fifty day moving average of $287.60 and a 200-day moving average of $273.95. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data 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. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the company posted $4.95 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Chubb Limited will post 21.77 EPS 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.