Ieq Capital LLC lessened its holdings in Chubb Ltd (NYSE:CB) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,367 shares of the financial services provider’s stock after selling 392 shares during the period. Ieq Capital LLC’s holdings in Chubb were worth $377,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Procyon Private Wealth Partners LLC acquired a new position in Chubb in the fourth quarter worth about $26,000. Retirement Network acquired a new position in Chubb in the fourth quarter worth about $29,000. Busey Wealth Management acquired a new position in Chubb in the fourth quarter worth about $30,000. Wealth Quarterback LLC bought a new stake in Chubb during the fourth quarter worth about $33,000. Finally, Firestone Capital Management bought a new stake in Chubb during the fourth quarter worth about $37,000. 88.77% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Theodore Shasta bought 2,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average price of $99.74 per share, for a total transaction of $199,480.00. Following the completion of the acquisition, the director now owns 16,375 shares of the company’s stock, valued at $1,633,242.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert W. Scully bought 9,750 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $102.40 per share, for a total transaction of $998,400.00. Following the acquisition, the director now directly owns 20,723 shares of the company’s stock, valued at approximately $2,122,035.20. The disclosure for this purchase can be found here. 0.37% of the stock is currently owned by company insiders.

Several analysts have weighed in on CB shares. Wells Fargo & Co decreased their price objective on shares of Chubb from $150.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Morgan Stanley decreased their price target on shares of Chubb from $168.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. JMP Securities reduced their price objective on shares of Chubb from $175.00 to $165.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 16th. Raymond James reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Chubb in a research note on Friday, May 8th. Finally, Royal Bank of Canada cut their target price on shares of Chubb from $178.00 to $154.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Chubb presently has an average rating of “Hold” and an average target price of $149.19.

CB traded up $0.64 during trading on Friday, hitting $99.49. 5,507,984 shares of the company’s stock were exchanged, compared to its average volume of 2,723,290. The business’s 50 day moving average is $108.39 and its two-hundred day moving average is $139.38. The stock has a market cap of $45.85 billion, a P/E ratio of 12.44, a PEG ratio of 1.02 and a beta of 0.68. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. Chubb Ltd has a fifty-two week low of $87.35 and a fifty-two week high of $167.74.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.69 by ($0.01). The company had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.14 billion. Chubb had a net margin of 10.21% and a return on equity of 8.69%. Chubb’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS. On average, sell-side analysts forecast that Chubb Ltd will post 9.96 earnings per share for the current year.

About Chubb

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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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