Mill Creek Capital Advisors LLC Trims Holdings in Chubb Limited (NYSE:CB)

Mill Creek Capital Advisors LLC lessened its holdings in shares of Chubb Limited (NYSE:CB) by 18.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,010 shares of the financial services provider’s stock after selling 234 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Chubb were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CB. ORG Partners LLC bought a new stake in shares of Chubb in the 2nd quarter worth approximately $963,000. Edgestream Partners L.P. bought a new stake in shares of Chubb in the 1st quarter worth approximately $984,000. Moloney Securities Asset Management LLC boosted its position in shares of Chubb by 97.9% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 1,905 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Chubb by 21.2% in the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Chubb by 2.9% in the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock worth $778,270,000 after purchasing an additional 87,059 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Roth Mkm boosted their price target on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company upped their price objective on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America upped their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Barclays started coverage on Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective on the stock. Two equities 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $287.37.

Insiders Place Their Bets

In other news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. The trade was a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 over the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Up 0.4 %

Shares of CB stock opened at $288.00 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05. The stock has a market cap of $116.09 billion, a P/E ratio of 11.79, a P/E/G ratio of 6.71 and a beta of 0.67. The company has a 50 day simple moving average of $287.84 and a two-hundred day simple moving average of $273.37.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $4.95 EPS. On average, research analysts expect that Chubb Limited will post 21.77 earnings per share for the current year.

Chubb 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.