Chase Investment Counsel Corp Sells 465 Shares of Chubb Limited (NYSE:CB)

Chase Investment Counsel Corp lowered its stake in Chubb Limited (NYSE:CB) by 7.3% during the third quarter, HoldingsChannel.com reports. The firm owned 5,930 shares of the financial services provider’s stock after selling 465 shares during the period. Chase Investment Counsel Corp’s holdings in Chubb were worth $1,710,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Haverford Trust Co increased its position in shares of Chubb by 4.6% in the 3rd quarter. Haverford Trust Co now owns 9,613 shares of the financial services provider’s stock valued at $2,772,000 after buying an additional 423 shares in the last quarter. Missouri Trust & Investment Co increased 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 acquiring an additional 740 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its position in Chubb by 19.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,260 shares of the financial services provider’s stock valued at $2,959,000 after acquiring an additional 1,670 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in shares of Chubb in the 3rd quarter valued at about $721,000. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in shares of Chubb by 7.9% in the third quarter. Ashton Thomas Private Wealth LLC now owns 2,079 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 153 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

CB stock opened at $283.03 on Wednesday. The company’s 50-day moving average price is $287.99 and its two-hundred day moving average price is $272.59. The firm has a market cap of $114.09 billion, a P/E ratio of 11.59, a P/E/G ratio of 6.59 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $216.26 and a 12 month high of $302.05.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the business posted $4.95 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Chubb Limited will post 21.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Juan Luis Ortega sold 3,921 shares of the firm’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 value of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider John J. Lupica sold 15,000 shares of the 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CB shares. Roth Mkm boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. 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 research note on Tuesday, November 5th. JMP Securities raised their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $287.37.

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.