Chubb Limited $CB Stock Sold by Machina Capital S.A.S.

Machina Capital S.A.S. reduced its stake in shares of Chubb Limited (NYSE:CB) by 13.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,126 shares of the financial services provider’s stock after selling 2,506 shares during the period. Chubb makes up approximately 0.7% of Machina Capital S.A.S.’s investment portfolio, making the stock its 23rd biggest holding. Machina Capital S.A.S.’s holdings in Chubb were worth $5,245,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CB. Berkshire Hathaway Inc acquired a new position in shares of Chubb in the 2nd quarter valued at $11,670,067,000. BlackRock Inc. purchased a new position in Chubb in the 2nd quarter worth $9,913,336,000. GQG Partners LLC purchased a new position in Chubb in the 2nd quarter worth $4,250,113,000. Bank of America Corp DE lifted its position in Chubb by 3.1% during the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock worth $1,599,868,000 after acquiring an additional 147,876 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Chubb by 74.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider’s stock worth $1,114,906,000 after acquiring an additional 1,457,992 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 0.3%

Shares of Chubb stock opened at $370.32 on Thursday. The stock has a market cap of $141.49 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 1.71 and a beta of 0.29. The firm has a fifty day moving average price of $347.73 and a 200 day moving average price of $336.48. Chubb Limited has a 1 year low of $291.03 and a 1 year high of $384.26. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, beating the consensus estimate of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The company had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.66 billion. During the same period in the prior year, the company earned $7.49 earnings per share. Equities research analysts predict that Chubb Limited will post 28.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CB. Cantor Fitzgerald reiterated a “neutral” rating and set a $333.00 price target on shares of Chubb in a research note on Wednesday, October 21st. UBS Group reissued a “neutral” rating and issued a $380.00 price objective on shares of Chubb in a report on Monday, October 26th. Atlantic Securities set a $301.00 price objective on Chubb in a research note on Wednesday, July 15th. HSBC reaffirmed a “hold” rating and set a $359.00 target price on shares of Chubb in a report on Wednesday, October 7th. Finally, Wells Fargo & Company upped their target price on Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $362.78.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares in the company, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 13,889 shares of the business’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $360.02, for a total value of $5,000,317.78. Following the completion of the transaction, the chief executive officer directly owned 277,274 shares of the company’s stock, valued at approximately $99,824,185.48. This trade represents a 4.77% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 32,985 shares of company stock worth $11,748,463. Insiders own 0.37% of the company’s stock.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.