Chubb Limited $CB Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in Chubb Limited (NYSE:CB) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,522 shares of the financial services provider’s stock after acquiring an additional 177 shares during the period. Calamos Advisors LLC’s holdings in Chubb were worth $57,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in Chubb in the first quarter valued at $31,000. 1248 Management LLC acquired a new stake in shares of Chubb during the 1st quarter worth about $31,000. WPG Advisers LLC acquired a new stake in shares of Chubb during the 1st quarter worth about $33,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in 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 purchasing an additional 94 shares during the last quarter. Finally, Maseco LLP acquired a new position in Chubb in the second quarter valued at approximately $35,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on CB shares. Citigroup raised their price objective on shares of Chubb from $326.00 to $331.00 and gave the stock a “buy” rating in a report on Friday, October 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $309.00 target price on shares of Chubb in a research report on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Piper Sandler reiterated a “neutral” rating and set a $283.00 target price (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus price target of $307.79.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of CB stock opened at $294.91 on Thursday. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $279.71 and a 200-day simple moving average of $280.78. The company has a market cap of $116.06 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

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

Chubb Company Profile

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.