Foundations Investment Advisors LLC Acquires 242 Shares of Chubb Limited $CB

Foundations Investment Advisors LLC raised its holdings in Chubb Limited (NYSE:CB) by 23.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,279 shares of the financial services provider’s stock after acquiring an additional 242 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Chubb were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CB. IMA Advisory Services Inc. bought a new position in shares of Chubb in the first quarter worth about $31,000. 1248 Management LLC purchased a new stake in Chubb in the 1st quarter valued at about $31,000. WPG Advisers LLC bought a new position in Chubb in the 1st quarter worth about $33,000. Maseco LLP purchased a new position in shares of Chubb during the second quarter worth approximately $35,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Chubb by 391.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CB. HSBC increased their price objective on Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. UBS Group increased their price target on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Keefe, Bruyette & Woods lifted their price objective on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Piper Sandler reiterated a “neutral” rating and set a $283.00 target price (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Finally, Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $308.05.

Chubb Stock Down 0.9%

NYSE:CB opened at $294.00 on Thursday. The company’s 50-day simple moving average is $281.49 and its 200-day simple moving average is $281.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The stock has a market capitalization of $115.70 billion, a P/E ratio of 12.27, a P/E/G ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.72 EPS. On average, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the sale, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. This trade represents a 18.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares in the company, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 45,903 shares of company stock valued at $13,245,483. Company insiders own 0.77% of the company’s stock.

About Chubb

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 risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.