Chubb Limited $CB Stake Reduced by Mount Lucas Management LP

Mount Lucas Management LP cut its stake in Chubb Limited (NYSE:CB) by 58.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,727 shares of the financial services provider’s stock after selling 3,760 shares during the period. Mount Lucas Management LP’s holdings in Chubb were worth $790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CB. IMA Advisory Services Inc. acquired a new position in Chubb during the 1st quarter valued at about $31,000. 1248 Management LLC bought a new stake in shares of Chubb during the first quarter valued at approximately $31,000. WPG Advisers LLC bought a new stake in shares of Chubb during the first quarter valued at approximately $33,000. Clal Insurance Enterprises Holdings Ltd boosted 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 buying an additional 94 shares during the period. Finally, Maseco LLP bought a new position in Chubb in the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. The trade was a 20.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.77% of the company’s stock.

Chubb Stock Down 0.2%

NYSE CB opened at $295.75 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. The company has a market capitalization of $116.39 billion, a P/E ratio of 12.34, a PEG 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. The company’s 50 day simple moving average is $280.40 and its 200 day simple moving average is $280.92.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. The business had revenue of $14.87 billion during 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%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $5.72 EPS. Equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, October 22nd. Bank of America increased their target price on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research report on Monday, October 13th. Finally, HSBC raised their target price on shares of Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $307.79.

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.