Flputnam Investment Management Co. trimmed its holdings in shares of Chubb Limited (NYSE:CB – Free Report) by 75.3% in the 4th quarter, Holdings Channel reports. The firm owned 24,677 shares of the financial services provider’s stock after selling 75,048 shares during the quarter. Flputnam Investment Management Co.’s holdings in Chubb were worth $7,702,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. CBIZ Investment Advisory Services LLC lifted its position in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of Chubb during the fourth quarter worth $31,000. Ares Financial Consulting LLC bought a new stake in shares of Chubb during the fourth quarter worth $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Chubb during the third quarter worth $31,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.
Insider Transactions at Chubb
In other Chubb news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by company insiders.
Chubb Stock Performance
Chubb (NYSE:CB – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities research analysts expect that Chubb Limited will post 26.79 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Keefe, Bruyette & Woods lifted their target price on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $315.00 target price on shares of Chubb in a research report on Wednesday, April 22nd. Roth Mkm lifted their target price on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Evercore lifted their target price on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.90.
Check Out Our Latest Stock Report on CB
Chubb Company Profile
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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