Advisor OS LLC Raises Stock Position in Chubb Limited $CB

Advisor OS LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 117.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,062 shares of the financial services provider’s stock after buying an additional 3,809 shares during the quarter. Advisor OS LLC’s holdings in Chubb were worth $1,993,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its holdings in Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares during the period. Cedar Mountain Advisors LLC lifted its holdings in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of Chubb during the 2nd quarter worth about $32,000. Cornerstone Planning Group LLC grew its holdings in Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new stake in Chubb in the third quarter worth about $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CB shares. Cantor Fitzgerald boosted their price objective on Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Raymond James Financial lifted their price objective on shares of Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a report on Monday, February 9th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Jefferies Financial Group raised their price objective on Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. Finally, Bank of America lowered their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $340.81.

Chubb Stock Performance

NYSE CB opened at $334.55 on Thursday. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $338.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24. The firm has a market capitalization of $131.66 billion, a P/E ratio of 13.00, a PEG ratio of 2.14 and a beta of 0.49. The stock has a 50-day simple moving average of $314.83 and a two-hundred day simple moving average of $294.75.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.Chubb’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $6.02 earnings per share. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Insider Transactions at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares in the company, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.77% of the company’s stock.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.