Linscomb Wealth Inc. Increases Holdings in Chubb Limited (NYSE:CB)

Linscomb Wealth Inc. increased its stake in Chubb Limited (NYSE:CB) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,880 shares of the financial services provider’s stock after purchasing an additional 54 shares during the quarter. Linscomb Wealth Inc.’s holdings in Chubb were worth $542,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Wellington Shields & Co. LLC bought a new position in Chubb in the 1st quarter worth about $94,000. Kingsview Wealth Management LLC increased its stake in Chubb by 25.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 5,303 shares of the financial services provider’s stock worth $1,374,000 after acquiring an additional 1,067 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in Chubb by 7.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 1,188 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 79 shares during the last quarter. First Foundation Advisors increased its stake in Chubb by 70.9% in the 1st quarter. First Foundation Advisors now owns 552 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 229 shares during the last quarter. Finally, Nicolet Advisory Services LLC increased its stake in Chubb by 9.9% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,220 shares of the financial services provider’s stock worth $303,000 after acquiring an additional 110 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This trade represents a 8.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were 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 directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,636 shares of company stock valued at $24,874,208. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.4 %

Shares of NYSE:CB opened at $288.00 on Friday. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05. The firm has a market capitalization of $116.09 billion, a P/E ratio of 11.79, a P/E/G ratio of 6.64 and a beta of 0.67. The stock has a 50 day moving average price of $287.84 and a 200-day moving average price of $273.04. 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 (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the prior year, the company earned $4.95 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Chubb Limited will post 21.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CB has been the subject of a number of research reports. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Evercore ISI upped their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company upped their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $287.37.

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.