Chubb Limited (NYSE:CB) Shares Sold by Hamel Associates Inc.

Hamel Associates Inc. decreased its position in Chubb Limited (NYSE:CB) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,378 shares of the financial services provider’s stock after selling 535 shares during the quarter. Chubb accounts for about 3.5% of Hamel Associates Inc.’s investment portfolio, making the stock its 5th largest holding. Hamel Associates Inc.’s holdings in Chubb were worth $11,356,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Haverford Trust Co grew its position in Chubb by 4.6% in the third quarter. Haverford Trust Co now owns 9,613 shares of the financial services provider’s stock valued at $2,772,000 after acquiring an additional 423 shares in the last quarter. Missouri Trust & Investment Co grew its position in shares of Chubb by 31.1% during the third quarter. Missouri Trust & Investment Co now owns 3,118 shares of the financial services provider’s stock worth $899,000 after buying an additional 740 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in shares of Chubb by 19.4% during the third quarter. Prime Capital Investment Advisors LLC now owns 10,260 shares of the financial services provider’s stock worth $2,959,000 after buying an additional 1,670 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in shares of Chubb during the third quarter worth approximately $721,000. Finally, Ashton Thomas Private Wealth LLC grew its position in shares of Chubb by 7.9% during the third quarter. Ashton Thomas Private Wealth LLC now owns 2,079 shares of the financial services provider’s stock worth $600,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CB shares. Morgan Stanley raised their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Bank of America raised their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised 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. Finally, Wells Fargo & Company raised their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $287.37.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock valued at $24,874,208 over the last three months. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $283.03 on Wednesday. The firm has a market capitalization of $114.09 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 6.59 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 one year low of $216.26 and a one year high of $302.05. The stock’s fifty day moving average is $287.99 and its 200-day moving average is $272.59.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.95 earnings per share. Equities analysts anticipate that Chubb Limited will post 21.64 EPS for the current year.

Chubb 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.