Coastal Investment Advisors Inc. raised its stake in Chubb Limited (NYSE:CB – Free Report) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,112 shares of the financial services provider’s stock after acquiring an additional 63 shares during the period. Coastal Investment Advisors Inc.’s holdings in Chubb were worth $214,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Guardian Wealth Advisors LLC acquired a new position in Chubb in the first quarter valued at approximately $25,000. ICA Group Wealth Management LLC acquired a new position in shares of Chubb during the fourth quarter worth approximately $25,000. Mcmillion Capital Management Inc. bought a new position in Chubb in the 2nd quarter worth approximately $35,000. Altshuler Shaham Ltd bought a new position in Chubb in the 4th quarter worth approximately $47,000. Finally, Almanack Investment Partners LLC. bought a new position in Chubb in the 3rd quarter worth approximately $52,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.
Chubb Price Performance
CB opened at $219.55 on Wednesday. The stock has a fifty day moving average of $212.37 and a 200-day moving average of $202.21. The firm has a market capitalization of $89.57 billion, a P/E ratio of 12.97, a PEG ratio of 1.16 and a beta of 0.61. Chubb Limited has a 12-month low of $183.40 and a 12-month high of $231.37. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.24.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Citigroup increased their price objective on Chubb from $235.00 to $238.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. JPMorgan Chase & Co. lowered Chubb from an “overweight” rating to a “neutral” rating and set a $250.00 price target for the company. in a research note on Monday, October 2nd. Deutsche Bank Aktiengesellschaft began coverage on Chubb in a research note on Wednesday, October 4th. They set a “buy” rating and a $269.00 price target for the company. Wells Fargo & Company increased their price target on Chubb from $249.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $250.00 price target on shares of Chubb in a research note on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.71.
Insider Transactions at Chubb
In other news, EVP Juan Luis Ortega sold 1,508 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $218.63, for a total value of $329,694.04. Following the transaction, the executive vice president now directly owns 49,940 shares of the company’s stock, valued at $10,918,382.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Chubb news, EVP Juan Luis Ortega sold 1,508 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $218.63, for a total transaction of $329,694.04. Following the transaction, the executive vice president now directly owns 49,940 shares of the company’s stock, valued at $10,918,382.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lupica sold 17,810 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $218.76, for a total transaction of $3,896,115.60. Following the transaction, the insider now directly owns 136,239 shares in the company, valued at $29,803,643.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,665 shares of company stock valued at $12,597,136. 0.37% of the stock is owned by insiders.
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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.
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