Chubb Ltd (NYSE:CB) Shares Sold by Checchi Capital Advisers LLC

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Checchi Capital Advisers LLC decreased its position in shares of Chubb Ltd (NYSE:CB) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,774 shares of the financial services provider’s stock after selling 92 shares during the period. Checchi Capital Advisers LLC’s holdings in Chubb were worth $609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CB. Cox Capital Mgt LLC increased its position in Chubb by 4.4% during the 2nd quarter. Cox Capital Mgt LLC now owns 19,574 shares of the financial services provider’s stock valued at $2,883,000 after purchasing an additional 830 shares during the period. Private Trust Co. NA increased its position in Chubb by 20.3% during the 2nd quarter. Private Trust Co. NA now owns 7,653 shares of the financial services provider’s stock valued at $1,127,000 after purchasing an additional 1,294 shares during the period. Fulton Bank N.A. increased its position in Chubb by 2.8% during the 2nd quarter. Fulton Bank N.A. now owns 13,307 shares of the financial services provider’s stock valued at $1,960,000 after purchasing an additional 357 shares during the period. Rockland Trust Co. increased its position in Chubb by 2.7% during the 2nd quarter. Rockland Trust Co. now owns 77,922 shares of the financial services provider’s stock valued at $11,477,000 after purchasing an additional 2,069 shares during the period. Finally, Carroll Financial Associates Inc. increased its position in Chubb by 81.5% during the 2nd quarter. Carroll Financial Associates Inc. now owns 657 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 295 shares during the period. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of Chubb in a research report on Thursday, October 17th. They set an “in-line” rating and a $149.00 price objective on the stock. Barclays set a $185.00 price objective on shares of Chubb and gave the company a “buy” rating in a research report on Monday, August 12th. Wells Fargo & Co boosted their price objective on shares of Chubb from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. UBS Group boosted their price objective on shares of Chubb from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Raymond James boosted their price objective on shares of Chubb from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $158.73.

In other news, EVP Timothy Alan Boroughs sold 14,060 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $151.28, for a total value of $2,126,996.80. Following the sale, the executive vice president now directly owns 185,375 shares of the company’s stock, valued at approximately $28,043,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael G. Atieh sold 1,500 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $151.12, for a total transaction of $226,680.00. The disclosure for this sale can be found here. Insiders sold a total of 22,060 shares of company stock worth $3,381,002 over the last ninety days. Insiders own 0.47% of the company’s stock.

NYSE:CB opened at $152.31 on Thursday. The firm’s 50-day moving average price is $154.30 and its 200-day moving average price is $151.74. The company has a market capitalization of $68.58 billion, a PE ratio of 16.13, a P/E/G ratio of 1.46 and a beta of 0.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Ltd has a 1-year low of $119.54 and a 1-year high of $162.44.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $2.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.06. The firm had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.82 billion. Chubb had a net margin of 10.48% and a return on equity of 8.60%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 EPS. Equities analysts anticipate that Chubb Ltd will post 10.38 EPS for the current fiscal year.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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