Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Chubb Limited $CB

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Chubb Limited (NYSE:CB) by 22.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 347,349 shares of the financial services provider’s stock after purchasing an additional 64,594 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Chubb were worth $100,634,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CB. IMA Advisory Services Inc. bought a new position in shares of Chubb during the 1st quarter worth approximately $31,000. 1248 Management LLC purchased a new position in Chubb in the first quarter worth $31,000. WPG Advisers LLC acquired a new position in shares of Chubb during the first quarter worth $33,000. Maseco LLP acquired a new position in shares of Chubb during the second quarter worth $35,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Chubb by 391.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 94 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. The trade was a 8.78% decrease in their position. The SEC filing for this sale provides additional information. 0.77% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CB shares. UBS Group boosted their target price on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Barclays raised their price target on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. BMO Capital Markets restated a “market perform” rating and set a $283.00 price objective on shares of Chubb in a report on Thursday, October 23rd. The Goldman Sachs Group reissued a “neutral” rating and set a $309.00 target price on shares of Chubb in a research report on Monday, October 27th. Finally, Wells Fargo & Company upped their price target on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $307.79.

Chubb Stock Down 0.2%

NYSE:CB opened at $295.75 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. The company’s fifty day moving average price is $280.40 and its 200-day moving average price is $280.95. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The firm has a market capitalization of $116.39 billion, a P/E ratio of 12.34, a PEG ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company earned $5.72 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Company Profile

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.