Wellington Shields Capital Management LLC decreased its holdings in shares of Chubb Ltd (NYSE:CB) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,612 shares of the financial services provider’s stock after selling 800 shares during the period. Wellington Shields Capital Management LLC’s holdings in Chubb were worth $906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CB. Larson Financial Group LLC purchased a new position in Chubb in the 3rd quarter valued at $26,000. Mcmillion Capital Management Inc. purchased a new position in Chubb in the 2nd quarter valued at $27,000. JNBA Financial Advisors lifted its holdings in Chubb by 223.2% in the 2nd quarter. JNBA Financial Advisors now owns 181 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 125 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in Chubb in the 2nd quarter valued at $28,000. Finally, Liberty Wealth Management LLC lifted its holdings in Chubb by 176.5% in the 3rd quarter. Liberty Wealth Management LLC now owns 188 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Shares of CB traded up $0.08 during midday trading on Tuesday, reaching $151.40. The company had a trading volume of 1,067,537 shares, compared to its average volume of 1,542,477. Chubb Ltd has a 1-year low of $119.54 and a 1-year high of $162.44. The stock has a market cap of $68.66 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.46 and a beta of 0.68. The firm has a 50 day simple moving average of $154.43 and a 200-day simple moving average of $151.68. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.06. The business had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.82 billion. Chubb had a return on equity of 8.60% and a net margin of 10.48%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the company earned $2.41 EPS. As a group, sell-side analysts anticipate that Chubb Ltd will post 10.37 earnings per share for the current fiscal year.

A number of brokerages have weighed in on CB. Raymond James raised their price objective on Chubb from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, October 14th. JMP Securities reaffirmed an “outperform” rating on shares of Chubb in a research note on Thursday, July 25th. UBS Group raised their target price on Chubb from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Co raised their target price on Chubb from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, Evercore ISI assumed coverage on Chubb in a research note on Thursday, October 17th. They issued an “in-line” rating and a $149.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $158.73.

In related news, EVP Timothy Alan Boroughs sold 14,060 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $151.28, for a total transaction of $2,126,996.80. Following the completion of the sale, the executive vice president now directly owns 185,375 shares of the company’s stock, valued at approximately $28,043,530. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 6,500 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $158.05, for a total value of $1,027,325.00. Following the sale, the executive vice president now directly owns 77,201 shares of the company’s stock, valued at $12,201,618.05. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

Further Reading: Stock Symbols and CUSIP Explained

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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