Poplar Forest Capital LLC Invests $211,000 in Chubb Limited (NYSE:CB)

Poplar Forest Capital LLC bought a new stake in Chubb Limited (NYSE:CB) in the third quarter, HoldingsChannel reports. The fund bought 731 shares of the financial services provider’s stock, valued at approximately $211,000.

Other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division bought a new stake in Chubb during the 1st quarter worth about $147,000. GSA Capital Partners LLP acquired a new position in Chubb during the first quarter worth $961,000. Wellington Shields & Co. LLC acquired a new stake in Chubb in the first quarter valued at $94,000. Advisory Alpha LLC increased its stake in shares of Chubb by 11.9% during the 1st quarter. Advisory Alpha LLC now owns 1,434 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 153 shares during the last quarter. Finally, Manchester Capital Management LLC raised its stake in Chubb by 3.9% in the first quarter. Manchester Capital Management LLC now owns 1,723 shares of the financial services provider’s stock valued at $446,000 after buying an additional 65 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $280.02 on Thursday. The company has a market capitalization of $112.88 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 6.52 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a fifty-two week low of $216.26 and a fifty-two week high of $302.05. The company has a 50 day simple moving average of $288.26 and a two-hundred day simple moving average of $271.47.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $4.95 EPS. Analysts expect that Chubb Limited will post 21.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CB. JMP Securities raised their price objective on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley raised their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday. 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 issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $287.37.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is owned by company insiders.

About Chubb

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.