O Shaughnessy Asset Management LLC Boosts Stake in Chubb Limited $CB

O Shaughnessy Asset Management LLC lifted its stake in shares of Chubb Limited (NYSE:CBFree Report) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 97,136 shares of the financial services provider’s stock after purchasing an additional 3,246 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Chubb were worth $30,318,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. CenterBook Partners LP acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $849,000. Manchester Capital Management LLC raised its position in shares of Chubb by 33.9% during the 4th quarter. Manchester Capital Management LLC now owns 1,477 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 374 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Chubb in the 4th quarter valued at approximately $606,000. CNB Bank lifted its stake in Chubb by 5.8% in the 4th quarter. CNB Bank now owns 4,448 shares of the financial services provider’s stock valued at $1,388,000 after buying an additional 244 shares in the last quarter. Finally, Palladiem LLC acquired a new stake in Chubb during the 4th quarter valued at $79,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. BMO Capital Markets raised their price target on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Bank of America lowered their price target on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $315.00 target price on shares of Chubb in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $349.43.

Get Our Latest Stock Analysis on Chubb

Chubb Trading Down 1.2%

NYSE CB opened at $322.22 on Tuesday. The firm has a market capitalization of $124.98 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.67 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The company’s 50 day moving average price is $324.65 and its 200 day moving average price is $318.21.

Chubb (NYSE:CBGet Free Report) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion during the quarter. On average, sell-side analysts predict that Chubb Limited will post 26.8 EPS for the current year.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by corporate insiders.

Chubb Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CBFree Report).

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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