Adage Capital Partners GP L.L.C. boosted its position in shares of Chubb Corp. (NYSE:CB) by 12.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 728,497 shares of the company’s stock after buying an additional 81,158 shares during the period. Adage Capital Partners GP L.L.C. owned 0.16% of Chubb Corp. worth $95,222,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in CB. Moors & Cabot Inc. raised its stake in shares of Chubb Corp. by 0.3% in the second quarter. Moors & Cabot Inc. now owns 6,513 shares of the company’s stock worth $856,000 after buying an additional 17 shares in the last quarter. Boston Family Office LLC raised its stake in shares of Chubb Corp. by 0.3% in the second quarter. Boston Family Office LLC now owns 9,362 shares of the company’s stock worth $1,224,000 after buying an additional 25 shares in the last quarter. Athena Capital Advisors LLC raised its stake in shares of Chubb Corp. by 0.6% in the second quarter. Athena Capital Advisors LLC now owns 4,693 shares of the company’s stock worth $613,000 after buying an additional 26 shares in the last quarter. Motco raised its stake in shares of Chubb Corp. by 3.5% in the second quarter. Motco now owns 915 shares of the company’s stock worth $120,000 after buying an additional 31 shares in the last quarter. Finally, Benin Management CORP raised its stake in shares of Chubb Corp. by 2.0% in the second quarter. Benin Management CORP now owns 2,001 shares of the company’s stock worth $262,000 after buying an additional 40 shares in the last quarter. 87.11% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Chubb Corp. (NYSE:CB)

Chubb Corp. (NYSE:CB) traded up 0.31% during mid-day trading on Friday, hitting $126.85. The stock had a trading volume of 1,781,297 shares. Chubb Corp. has a 12 month low of $106.82 and a 12 month high of $131.00. The company has a market cap of $59.02 billion, a price-to-earnings ratio of 16.99 and a beta of 0.86. The firm’s 50-day moving average is $124.84 and its 200 day moving average is $125.64.

Chubb Corp. (NYSE:CB) last posted its earnings results on Tuesday, October 25th. The company reported $2.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.30. Chubb Corp. had a return on equity of 9.88% and a net margin of 11.20%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.36 billion. During the same quarter last year, the company earned $2.37 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities analysts anticipate that Chubb Corp. will post $9.79 EPS for the current fiscal year.

CB has been the topic of several recent analyst reports. Zacks Investment Research lowered Chubb Corp. from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley boosted their price target on Chubb Corp. from $136.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. MKM Partners reaffirmed a “buy” rating and set a $150.00 price target (up previously from $140.00) on shares of Chubb Corp. in a research report on Friday, July 15th. Credit Suisse Group AG set a $136.00 price target on Chubb Corp. and gave the stock a “buy” rating in a research report on Monday, September 12th. Finally, Barclays PLC boosted their price target on Chubb Corp. from $133.00 to $139.00 and gave the stock an “overweight” rating in a research report on Friday, September 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $132.07.

In related news, Director David H. Sidwell bought 830 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were bought at an average price of $124.90 per share, for a total transaction of $103,667.00. Following the completion of the acquisition, the director now directly owns 7,386 shares of the company’s stock, valued at $922,511.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.43% of the stock is owned by insiders.

Chubb Corp. Company Profile

Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

5 Day Chart for NYSE:CB

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