3,250 Shares in Chubb Limited (NYSE:CB) Acquired by MQS Management LLC

MQS Management LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,250 shares of the financial services provider’s stock, valued at approximately $937,000. Chubb accounts for about 0.5% of MQS Management LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in CB. Pathway Financial Advisers LLC bought a new position in Chubb in the 1st quarter worth approximately $25,000. Beacon Capital Management LLC grew its stake 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 purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Chubb during the second quarter valued at $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb during the second quarter valued at about $28,000. Finally, Kozak & Associates Inc. acquired a new stake in Chubb in the third quarter worth about $29,000. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael G. Atieh sold 261 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares in the company, valued at $11,261,558.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on CB shares. JMP Securities boosted their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Roth Mkm upped their price objective on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $287.37.

Chubb Price Performance

Shares of NYSE:CB opened at $283.03 on Wednesday. The company’s fifty day moving average is $287.99 and its two-hundred day moving average is $272.59. The company has a market cap of $114.09 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 6.59 and a beta of 0.67. Chubb Limited has a 12-month low of $216.26 and a 12-month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the firm earned $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Chubb Limited will post 21.64 earnings per share for the current fiscal 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.