US Bancorp DE Lowers Position in Chubb Limited $CB

US Bancorp DE lowered its position in Chubb Limited (NYSE:CB) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 584,432 shares of the financial services provider’s stock after selling 18,688 shares during the period. US Bancorp DE owned 0.15% of Chubb worth $164,956,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in Chubb by 93.6% during the third 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 increased its stake 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 in the last quarter. VSM Wealth Advisory LLC purchased a new position in Chubb during the 2nd quarter valued at about $32,000. Cornerstone Planning Group LLC boosted its stake in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Chubb during the third quarter valued at approximately $34,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CB. Morgan Stanley set a $350.00 price target on Chubb in a research note on Friday, January 16th. Citigroup raised their price target on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a report on Monday, February 9th. Citizens Jmp reiterated a “market outperform” rating and issued a $350.00 price target on shares of Chubb in a research note on Wednesday, February 4th. Evercore raised their price objective on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Mizuho lifted their target price on shares of Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $340.81.

Chubb Stock Down 0.7%

Shares of Chubb stock opened at $334.55 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $338.19. The company has a market cap of $131.66 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 2.14 and a beta of 0.49. The company’s 50 day moving average is $314.83 and its 200 day moving average is $294.75.

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

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.77% of the company’s stock.

Chubb Profile

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.