Chubb Limited $CB Stock Sold by Machina Capital S.A.S.

Machina Capital S.A.S. decreased its position in shares of Chubb Limited (NYSE:CB) by 13.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,126 shares of the financial services provider’s stock after selling 2,506 shares during the quarter. Chubb accounts for approximately 0.7% of Machina Capital S.A.S.’s portfolio, making the stock its 23rd largest holding. Machina Capital S.A.S.’s holdings in Chubb were worth $5,245,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new position in shares of Chubb in the 2nd quarter valued at $25,000. Dunhill Financial LLC acquired a new stake in Chubb during the second quarter valued at $25,000. Parvin Asset Management LLC acquired a new stake in Chubb during the second quarter valued at $26,000. Highland Investment Advisors LLC acquired a new stake in Chubb during the second quarter valued at $26,000. Finally, Frazier Financial Advisors LLC grew its position in Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Boroughs sold 13,596 shares of the stock in a transaction on Monday, October 26th. The shares were sold at an average price of $356.77, for a total transaction of $4,850,644.92. Following the transaction, the executive vice president directly owned 5,588 shares of the company’s stock, valued at $1,993,630.76. This trade represents a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Connors sold 5,500 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 32,985 shares of company stock worth $11,748,463. Company insiders own 0.37% of the company’s stock.

Chubb Trading Up 0.3%

Shares of CB stock opened at $370.32 on Thursday. Chubb Limited has a 1-year low of $291.03 and a 1-year high of $384.26. The company has a market cap of $141.49 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.71 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a 50 day simple moving average of $347.73 and a 200-day simple moving average of $336.48.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. The firm had revenue of $16.20 billion for the quarter, compared to analysts’ expectations of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same quarter last year, the company earned $7.49 EPS. On average, equities research analysts expect that Chubb Limited will post 28.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CB shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $333.00 price objective on shares of Chubb in a report on Wednesday, October 21st. Morgan Stanley increased their target price on shares of Chubb from $350.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 27th. UBS Group reissued a “neutral” rating and set a $380.00 target price on shares of Chubb in a research note on Monday, October 26th. Wells Fargo & Company raised their target price on Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Finally, Deutsche Bank restated a “hold” rating and issued a $354.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $362.78.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.