Voloridge Investment Management LLC raised its stake in shares of Chubb Corp. (NYSE:CB) by 92.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,493 shares of the company’s stock after buying an additional 54,182 shares during the period. Voloridge Investment Management LLC’s holdings in Chubb Corp. were worth $14,704,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Pathstone Family Office LLC boosted its stake in Chubb Corp. by 47.8% in the second quarter. Pathstone Family Office LLC now owns 773 shares of the company’s stock valued at $101,000 after buying an additional 250 shares in the last quarter. Motco boosted its stake in Chubb Corp. by 3.5% in the second quarter. Motco now owns 915 shares of the company’s stock valued at $120,000 after buying an additional 31 shares in the last quarter. FNY Managed Accounts LLC boosted its stake in Chubb Corp. by 31.6% in the second quarter. FNY Managed Accounts LLC now owns 987 shares of the company’s stock valued at $129,000 after buying an additional 237 shares in the last quarter. Global X Management Co. LLC boosted its stake in Chubb Corp. by 207.4% in the second quarter. Global X Management Co. LLC now owns 993 shares of the company’s stock valued at $130,000 after buying an additional 670 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its stake in Chubb Corp. by 14.5% in the second quarter. Integrated Investment Consultants LLC now owns 1,011 shares of the company’s stock valued at $132,000 after buying an additional 128 shares in the last quarter. 87.11% of the stock is owned by institutional investors and hedge funds.

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

Shares of Chubb Corp. (NYSE:CB) traded up 0.31% on Friday, reaching $126.85. The company had a trading volume of 1,781,297 shares. The company has a 50 day moving average price of $124.84 and a 200 day moving average price of $125.64. Chubb Corp. has a 52-week low of $106.82 and a 52-week high of $131.00. The stock has a market capitalization of $59.02 billion, a PE ratio of 16.99 and a beta of 0.86.

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

Several equities analysts recently issued reports on CB shares. MKM Partners reaffirmed a “buy” rating and set a $150.00 price objective (up from $140.00) on shares of Chubb Corp. in a report on Friday, July 15th. Zacks Investment Research raised Chubb Corp. from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Monday, October 31st. Credit Suisse Group AG set a $136.00 price objective on Chubb Corp. and gave the stock a “buy” rating in a report on Monday, September 12th. Morgan Stanley lifted their price objective on Chubb Corp. from $136.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th. Finally, Barclays PLC lifted their price objective on Chubb Corp. from $133.00 to $139.00 and gave the stock an “overweight” rating in a 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 assigned a buy rating to the company’s stock. Chubb Corp. has a consensus rating of “Buy” and an average target price of $132.07.

In related news, Director David H. Sidwell purchased 830 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were acquired at an average cost of $124.90 per share, with a total value of $103,667.00. Following the completion of the purchase, the director now owns 7,386 shares of the company’s stock, valued at approximately $922,511.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is currently owned by insiders.

About Chubb Corp.

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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