Chubb Limited $CB Shares Bought by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC lifted its holdings in shares of Chubb Limited (NYSE:CB) by 5.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 982,564 shares of the financial services provider’s stock after buying an additional 53,710 shares during the period. Chubb comprises about 63.5% of Mycio Wealth Partners LLC’s portfolio, making the stock its biggest holding. Mycio Wealth Partners LLC owned about 0.25% of Chubb worth $306,678,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC raised its holdings in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Chubb during the 3rd quarter worth $31,000. Laurel Wealth Advisors LLC acquired a new position in shares of Chubb during the 4th quarter worth $31,000. Ares Financial Consulting LLC acquired a new position in shares of Chubb during the 4th quarter worth $32,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb 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 value of $658,600.00. Following the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citizens Jmp boosted their price objective on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. BMO Capital Markets boosted their price objective on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Citigroup boosted their price objective on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Bank of America reduced their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Finally, Wolfe Research boosted their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $349.90.

Chubb Trading Down 1.4%

Shares of CB stock opened at $316.21 on Friday. The stock’s fifty day simple moving average is $325.91 and its 200 day simple moving average is $317.15. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The firm has a market capitalization of $122.65 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.64 and a beta of 0.43. 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 (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion for the quarter. As a group, sell-side analysts predict that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Company 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.