Moors & Cabot Inc. Has $4.32 Million Stock Position in Chubb Limited $CB

Moors & Cabot Inc. grew its position in Chubb Limited (NYSE:CB) by 15.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,842 shares of the financial services provider’s stock after buying an additional 1,817 shares during the period. Moors & Cabot Inc.’s holdings in Chubb were worth $4,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CB. CBIZ Investment Advisory Services LLC boosted its position in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Chubb in the 4th quarter worth $31,000. Ares Financial Consulting LLC bought a new position in shares of Chubb in the 4th quarter worth $32,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb in the 3rd quarter worth $31,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Down 1.4%

Shares of CB stock opened at $316.21 on Friday. The firm has a fifty day moving average of $325.91 and a 200-day moving average of $317.15. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a market capitalization of $122.65 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 1.64 and a beta of 0.43.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion during the quarter. As a group, equities research analysts predict that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CB shares. BMO Capital Markets raised their price target on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Citizens Jmp raised their price target on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft raised their price target on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Wolfe Research raised their price target on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Finally, Mizuho reduced their price target on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $349.90.

Insider Buying and Selling at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is owned by corporate insiders.

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.