Compass Capital Management Inc. purchased a new position in shares of Chubb Limited (NYSE:CB – Free Report) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 8,160 shares of the financial services provider’s stock, valued at approximately $2,654,000.
Other hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new position in shares of Chubb in the second quarter worth about $25,000. Dunhill Financial LLC acquired a new position in shares of Chubb during the second quarter worth approximately $25,000. Parvin Asset Management LLC bought a new stake in shares of Chubb during the second quarter valued at approximately $26,000. Highland Investment Advisors LLC bought a new stake in shares of Chubb during the second quarter valued at approximately $26,000. Finally, Frazier Financial Advisors LLC increased its holdings in shares of Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.
Insider Activity at Chubb
In related news, EVP Timothy Boroughs sold 13,596 shares of the company’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the sale, the executive vice president owned 5,588 shares in the company, valued at $1,993,630.76. This represents a 70.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the sale, the director directly owned 12,803 shares in the company, valued at $4,417,035. The trade was a 30.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,985 shares of company stock worth $11,748,463 in the last ninety days. Company insiders own 0.37% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Chubb from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday, October 16th. JPMorgan Chase & Co. increased their price objective on Chubb from $371.00 to $374.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $333.00 target price on shares of Chubb in a research note on Wednesday, October 21st. Wells Fargo & Company lifted their target price on Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a research note on Thursday, October 22nd. Finally, Morgan Stanley boosted their target price on Chubb from $350.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $362.78.
Check Out Our Latest Stock Analysis on Chubb
Chubb Trading Up 1.0%
NYSE:CB opened at $375.34 on Friday. Chubb Limited has a 1-year low of $291.03 and a 1-year high of $384.26. The business’s 50-day moving average price is $348.93 and its two-hundred day moving average price is $337.20. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $143.41 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.72 and a beta of 0.29.
Chubb (NYSE:CB – Get Free Report) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.89. The company had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same period in the previous year, the company earned $7.49 EPS. On average, equities analysts expect that Chubb Limited will post 28.89 earnings per share for the current year.
Chubb Profile
Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.
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