Asahi Life Asset Management CO. LTD. Takes Position in Chubb Ltd (CB)

Asahi Life Asset Management CO. LTD. bought a new position in Chubb Ltd (NYSE:CB) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,630 shares of the financial services provider’s stock, valued at approximately $649,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Claybrook Capital LLC bought a new stake in shares of Chubb during the fourth quarter worth $25,000. Gradient Investments LLC increased its position in shares of Chubb by 260.0% during the fourth quarter. Gradient Investments LLC now owns 216 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 156 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its position in shares of Chubb by 114.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 117 shares in the last quarter. Executive Wealth Management LLC bought a new stake in shares of Chubb during the fourth quarter worth $29,000. Finally, Sageworth Trust Co bought a new stake in shares of Chubb during the first quarter worth $29,000. Institutional investors own 88.96% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a research report on Tuesday. Sandler O’Neill downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Raymond James lowered their price objective on shares of Chubb from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 11th. Wells Fargo & Co set a $160.00 price objective on shares of Chubb and gave the stock a “buy” rating in a research report on Friday, January 18th. Finally, Morgan Stanley downgraded shares of Chubb from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $151.00.

In related news, insider John J. Lupica sold 17,879 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $134.95, for a total value of $2,412,771.05. Following the completion of the transaction, the insider now owns 192,265 shares of the company’s stock, valued at $25,946,161.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Paul J. Krump sold 3,450 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.00, for a total transaction of $500,250.00. Following the completion of the transaction, the insider now directly owns 139,160 shares of the company’s stock, valued at approximately $20,178,200. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,766 shares of company stock valued at $3,523,173. 0.47% of the stock is owned by insiders.

Chubb stock opened at $143.67 on Thursday. The firm has a market capitalization of $65.64 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82. Chubb Ltd has a 1-year low of $119.54 and a 1-year high of $145.76. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. The business had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.55 billion. Chubb had a net margin of 11.55% and a return on equity of 8.76%. During the same quarter last year, the firm earned $2.34 earnings per share. On average, research analysts anticipate that Chubb Ltd will post 10.53 earnings per share for the current year.

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Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional 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 in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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