Chubb Ltd (NYSE:CB) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in Chubb Ltd (NYSE:CB) by 1.7% during the third quarter, Holdings Channel reports. The firm owned 13,127,045 shares of the financial services provider’s stock after selling 223,188 shares during the period. Chubb makes up about 0.9% of Massachusetts Financial Services Co. MA’s holdings, making the stock its 26th biggest holding. Massachusetts Financial Services Co. MA’s holdings in Chubb were worth $2,119,231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC purchased a new position in shares of Chubb in the 3rd quarter valued at $26,000. JNBA Financial Advisors raised its stake in shares of Chubb by 223.2% in the 2nd quarter. JNBA Financial Advisors now owns 181 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 125 shares during the period. Mcmillion Capital Management Inc. purchased a new position in shares of Chubb in the 2nd quarter valued at $27,000. Liberty Wealth Management LLC raised its stake in shares of Chubb by 176.5% in the 3rd quarter. Liberty Wealth Management LLC now owns 188 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 120 shares during the period. Finally, Meridian Wealth Management LLC purchased a new position in shares of Chubb in the 2nd quarter valued at $28,000. Institutional investors own 88.08% of the company’s stock.

In related news, insider John J. Lupica sold 6,000 shares of Chubb stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $158.15, for a total transaction of $948,900.00. Following the sale, the insider now owns 168,037 shares of the company’s stock, valued at approximately $26,575,051.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 14,060 shares of Chubb stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $151.28, for a total transaction of $2,126,996.80. Following the sale, the executive vice president now directly owns 185,375 shares in the company, valued at approximately $28,043,530. The disclosure for this sale can be found here. Insiders have sold a total of 26,560 shares of company stock worth $4,103,222 in the last ninety days. 0.47% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on CB shares. UBS Group raised their target price on shares of Chubb from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Evercore ISI started coverage on shares of Chubb in a research note on Thursday, October 17th. They issued an “in-line” rating and a $149.00 target price on the stock. Credit Suisse Group raised shares of Chubb from an “underperform” rating to an “outperform” rating and raised their target price for the company from $145.00 to $165.00 in a research note on Tuesday, November 5th. JMP Securities reissued an “outperform” rating on shares of Chubb in a research note on Thursday, July 25th. Finally, William Blair reissued an “underperform” rating on shares of Chubb in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $158.73.

Chubb stock traded down $0.19 during midday trading on Monday, hitting $151.32. 892,596 shares of the stock were exchanged, compared to its average volume of 1,544,427. Chubb Ltd has a 1 year low of $119.54 and a 1 year high of $162.44. The firm has a market cap of $67.45 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.44 and a beta of 0.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. The company has a 50 day moving average price of $154.82 and a two-hundred day moving average price of $151.49.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.64 by $0.06. Chubb had a net margin of 10.48% and a return on equity of 8.60%. The firm had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the firm posted $2.41 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, analysts predict that Chubb Ltd will post 10.36 EPS for the current year.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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