Chubb Limited $CB Stock Holdings Lessened by Diversified Trust Co

Diversified Trust Co decreased its stake in shares of Chubb Limited (NYSE:CB) by 7.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 48,004 shares of the financial services provider’s stock after selling 3,946 shares during the quarter. Diversified Trust Co’s holdings in Chubb were worth $15,613,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CB. IMG Wealth Management Inc. bought a new position in Chubb in the 2nd quarter valued at about $25,000. Dunhill Financial LLC acquired a new stake in Chubb during the second quarter worth approximately $25,000. Parvin Asset Management LLC acquired a new stake in Chubb during the second quarter worth approximately $26,000. Highland Investment Advisors LLC bought a new stake in shares of Chubb during the second quarter worth approximately $26,000. Finally, Frazier Financial Advisors LLC boosted its holdings in shares of Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CB. Keefe, Bruyette & Woods decreased their target price on Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. JPMorgan Chase & Co. lifted their price target on Chubb from $371.00 to $374.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Wells Fargo & Company boosted their price target on Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a research note on Thursday, October 22nd. HSBC restated a “hold” rating and issued a $359.00 price target on shares of Chubb in a research note on Wednesday, October 7th. Finally, TD Cowen upped their price objective on Chubb from $360.00 to $379.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $362.78.

Chubb Price Performance

Shares of Chubb stock opened at $375.34 on Friday. Chubb Limited has a twelve month low of $291.03 and a twelve month high of $384.26. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $348.93 and a two-hundred day simple moving average of $337.20. The stock has a market capitalization of $143.41 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.72 and a beta of 0.29.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The firm had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.66 billion. During the same quarter in the previous year, the firm posted $7.49 EPS. Analysts forecast that Chubb Limited will post 28.89 EPS for the current year.

Insider Activity

In other news, EVP Timothy Boroughs sold 13,596 shares of Chubb stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the sale, the executive vice president directly owned 5,588 shares in the company, valued at approximately $1,993,630.76. The trade was a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 13,889 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $360.02, for a total value of $5,000,317.78. Following the completion of the sale, the chief executive officer owned 277,274 shares of the company’s stock, valued at approximately $99,824,185.48. This trade represents a 4.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 32,985 shares of company stock worth $11,748,463. Corporate insiders own 0.37% of the company’s stock.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.