Chubb Limited (NYSE:CB) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC trimmed its position in Chubb Limited (NYSE:CB) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,741 shares of the financial services provider’s stock after selling 150 shares during the period. Wealthspire Advisors LLC’s holdings in Chubb were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its holdings in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the third quarter valued at $29,000. Raelipskie Partnership purchased a new position in Chubb in the third quarter valued at $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb in the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb during the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 1.6 %

CB opened at $277.72 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company’s 50 day simple moving average is $270.56 and its two-hundred day simple moving average is $279.64. The firm has a market capitalization of $111.95 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CB has been the subject of several recent analyst reports. Evercore ISI lifted their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Finally, Morgan Stanley lifted their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $295.73.

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.