Chubb Limited (NYSE:CB) Holdings Decreased by AMG National Trust Bank

AMG National Trust Bank reduced its holdings in Chubb Limited (NYSE:CB) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,810 shares of the financial services provider’s stock after selling 733 shares during the period. AMG National Trust Bank’s holdings in Chubb were worth $1,099,000 at the end of the most recent reporting period.

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

Chubb Trading Down 1.7 %

Shares of Chubb stock opened at $283.95 on Wednesday. The company has a market cap of $114.46 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 6.71 and a beta of 0.67. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The company’s fifty day simple moving average is $287.63 and its 200-day simple moving average is $273.89. 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 (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.95 EPS. As a group, sell-side analysts expect that Chubb Limited will post 21.77 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on CB shares. Evercore ISI boosted their target price 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. raised their price objective on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Roth Mkm boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Morgan Stanley raised their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $287.37.

Insider Activity at Chubb

In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at $11,261,558.28. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,715 shares of company stock worth $23,803,540 over the last three months. Company insiders own 0.86% of the company’s stock.

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.