Chubb Limited (NYSE:CB) Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP lowered its position in shares of Chubb Limited (NYSE:CB) by 60.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,303 shares of the financial services provider’s stock after selling 4,974 shares during the quarter. Mount Lucas Management LP’s holdings in Chubb were worth $953,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Beacon Capital Management LLC lifted its stake in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in shares of Chubb in the 1st quarter worth about $25,000. Kozak & Associates Inc. acquired a new position in shares of Chubb in the 3rd quarter valued at about $29,000. Chilton Capital Management LLC bought a new stake in shares of Chubb during the 2nd quarter valued at about $26,000. Finally, Kimelman & Baird LLC acquired a new stake in Chubb during the second quarter worth about $32,000. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This trade represents a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 5.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by insiders.

Chubb Trading Up 0.4 %

Shares of Chubb stock opened at $288.00 on Friday. The business has a fifty day simple moving average of $287.84 and a 200-day simple moving average of $273.21. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The firm has a market cap of $116.09 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during 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%. Chubb’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.95 EPS. On average, equities analysts forecast that Chubb Limited will post 21.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CB shares. Keefe, Bruyette & Woods upped their target price on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI upped their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Bank of America lifted their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Company Profile

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.