Mycio Wealth Partners LLC Grows Stock Position in Chubb Limited $CB

Mycio Wealth Partners LLC grew its holdings in Chubb Limited (NYSE:CB) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 982,564 shares of the financial services provider’s stock after acquiring an additional 53,710 shares during the quarter. Chubb comprises about 63.5% of Mycio Wealth Partners LLC’s holdings, making the stock its largest position. Mycio Wealth Partners LLC’s holdings in Chubb were worth $306,678,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kathmere Capital Management LLC lifted its stake in shares of Chubb by 2.7% in the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 34 shares during the period. Wright Investors Service Inc. lifted its stake in shares of Chubb by 0.7% in the 4th quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock valued at $1,538,000 after purchasing an additional 34 shares during the period. G&S Capital LLC lifted its stake in shares of Chubb by 1.5% in the 4th quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 34 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Chubb by 7.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 36 shares during the period. Finally, Phoenix Wealth Advisors lifted its stake in shares of Chubb by 0.4% in the 4th quarter. Phoenix Wealth Advisors now owns 8,467 shares of the financial services provider’s stock valued at $2,643,000 after purchasing an additional 36 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent analyst reports. HSBC boosted their price objective on Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Raymond James Financial boosted their price objective on Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a research note on Monday, February 9th. Barclays boosted their price objective on Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Wolfe Research boosted their price objective on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average price target of $349.90.

Insiders Place Their Bets

In related news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.37% of the company’s stock.

Chubb Stock Down 1.4%

CB stock opened at $316.21 on Friday. The stock’s 50 day simple moving average is $325.91 and its 200 day simple moving average is $317.15. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $122.65 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.64 and a beta of 0.43.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion for the quarter. On average, research analysts expect that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

About Chubb

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.