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

Wealthspire Advisors LLC lessened its position in Chubb Limited (NYSE:CB) by 3.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,741 shares of the financial services provider’s stock after selling 150 shares during the quarter. Wealthspire Advisors LLC’s holdings in Chubb were worth $1,034,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CB. Continuum Advisory LLC grew its stake in shares of Chubb by 56.5% in 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 in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb in 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 Chubb during the 4th quarter worth $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CB shares. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Wells Fargo & Company decreased their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Trading Up 1.6 %

Shares of Chubb stock opened at $277.72 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a market cap 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 52-week low of $238.85 and a 52-week high of $302.05. The company’s 50-day simple moving average is $270.56 and its 200-day simple moving average is $279.64.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

About Chubb

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.