Caprock Group LLC Sells 239 Shares of Chubb Limited (NYSE:CB)

Caprock Group LLC cut its holdings in Chubb Limited (NYSE:CB) by 2.1% during the third quarter, Holdings Channel reports. The firm owned 11,188 shares of the financial services provider’s stock after selling 239 shares during the quarter. Caprock Group LLC’s holdings in Chubb were worth $3,237,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its holdings in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in Chubb in the 1st quarter worth $25,000. Kozak & Associates Inc. bought a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Chilton Capital Management LLC bought a new stake in shares of Chubb in the second quarter worth about $26,000. Finally, Kimelman & Baird LLC bought a new position in Chubb during the second quarter valued at approximately $32,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This trade represents a 4.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,715 shares of company stock worth $23,803,540 over the last three months. 0.86% of the stock is owned by corporate insiders.

Chubb Price Performance

Shares of CB stock opened at $283.95 on Wednesday. The company has a market capitalization of $114.46 billion, a P/E ratio of 11.63, a P/E/G ratio of 6.71 and a beta of 0.67. The company’s 50-day simple moving average is $287.63 and its two-hundred day simple moving average is $273.89. Chubb Limited has a one year low of $216.90 and a one year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.95 earnings per share. As a group, equities analysts anticipate that Chubb Limited will post 21.77 EPS for the current year.

Analyst Ratings Changes

CB has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their price objective on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Roth Mkm upped their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company upped their target price on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $287.37.

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.