Chubb Limited $CB Stock: MGO One Seven LLC Decreases Holdings

MGO One Seven LLC reduced its position in shares of Chubb Limited (NYSE:CB) by 2.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 60,006 shares of the financial services provider’s stock after selling 1,727 shares during the period. MGO One Seven LLC’s holdings in Chubb were worth $19,517,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CB. Sagace Wealth Management LLC acquired a new stake in Chubb in the third quarter valued at approximately $394,000. Americana Partners LLC raised its stake in shares of Chubb by 5,203.6% during the 3rd quarter. Americana Partners LLC now owns 46,247 shares of the financial services provider’s stock worth $15,042,000 after buying an additional 45,375 shares during the period. Aprio Wealth Management LLC raised its stake in shares of Chubb by 4.6% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,853 shares of the financial services provider’s stock worth $603,000 after buying an additional 81 shares during the period. Modera Wealth Management LLC lifted its position in shares of Chubb by 21.2% during the 3rd quarter. Modera Wealth Management LLC now owns 2,655 shares of the financial services provider’s stock valued at $864,000 after buying an additional 465 shares in the last quarter. Finally, Heritage Wealth Management Inc. lifted its position in shares of Chubb by 0.5% during the 3rd quarter. Heritage Wealth Management Inc. now owns 12,755 shares of the financial services provider’s stock valued at $4,149,000 after buying an additional 68 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

NYSE:CB opened at $364.12 on Friday. The company has a market cap of $139.12 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.69 and a beta of 0.36. Chubb Limited has a twelve month low of $273.35 and a twelve month high of $369.00. The company’s 50-day moving average price is $343.33 and its 200-day moving average price is $333.76. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.89. The company had revenue of $16.20 billion during the quarter, compared to analysts’ expectations of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same quarter in the prior year, the company earned $7.49 EPS. On average, sell-side analysts forecast that Chubb Limited will post 28.82 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, September 11th. Chubb’s payout ratio is currently 14.28%.

Wall Street Analyst Weigh In

CB has been the topic of a number of research analyst reports. Citizens Jmp reissued a “market outperform” rating and issued a $400.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Morgan Stanley upped their price objective on shares of Chubb from $350.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 27th. UBS Group reaffirmed a “neutral” rating and set a $380.00 price objective on shares of Chubb in a report on Monday, October 26th. Wells Fargo & Company lifted their target price on shares of Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Chubb from $371.00 to $374.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and an average target price of $362.78.

Insider Activity at Chubb

In related news, Director Michael P. Connors sold 5,500 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Boroughs sold 13,596 shares of Chubb stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $356.77, for a total value of $4,850,644.92. Following the transaction, the executive vice president owned 5,588 shares in the company, valued at approximately $1,993,630.76. The trade was a 70.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.37% of the company’s stock.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.