Chubb Limited (NYSE:CB) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 4.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,471 shares of the financial services provider’s stock after selling 542 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Chubb were worth $3,020,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Pathway Financial Advisers LLC acquired a new position in shares of Chubb in the 1st quarter worth approximately $25,000. Beacon Capital Management LLC lifted its position in shares of Chubb by 76.4% during the 2nd 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. Chilton Capital Management LLC acquired a new position in shares of Chubb during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the 2nd quarter worth approximately $28,000. Finally, Kozak & Associates Inc. acquired a new position in shares of Chubb in the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CB shares. Evercore ISI raised their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JMP Securities increased their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report 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 report on Friday, November 1st. Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler lifted their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Two equities 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $287.37.

Chubb Price Performance

CB stock traded up $0.78 during trading on Wednesday, hitting $283.67. The company had a trading volume of 171,793 shares, compared to its average volume of 1,601,709. The company has a fifty day moving average price of $287.99 and a two-hundred day moving average price of $272.59. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $114.35 billion, a P/E ratio of 11.59, a P/E/G ratio of 6.59 and a beta of 0.67. Chubb Limited has a fifty-two week low of $216.26 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.95 earnings per share. Equities research analysts expect that Chubb Limited will post 21.64 earnings per share for the current fiscal year.

Insider Activity at Chubb

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

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.