Transcend Capital Advisors LLC Sells 179 Shares of Chubb Limited (NYSE:CB)

Transcend Capital Advisors LLC cut its position in Chubb Limited (NYSE:CB) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,903 shares of the financial services provider’s stock after selling 179 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Chubb were worth $1,078,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CB. Wealth Enhancement Advisory Services LLC raised its stake in shares of Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after acquiring an additional 130,629 shares in the last quarter. Czech National Bank increased its position in shares of Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after purchasing an additional 4,757 shares in the last quarter. Barclays PLC lifted its holdings in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Moloney Securities Asset Management LLC boosted its position in shares of Chubb by 97.9% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 1,905 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new position in Chubb during the 3rd quarter worth $721,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of a number of research analyst reports. Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Wells Fargo & Company decreased their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $295.73.

Chubb Stock Down 0.1 %

Chubb stock opened at $267.19 on Friday. The business’s 50-day moving average price is $270.59 and its 200 day moving average price is $279.36. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a market cap of $107.70 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb 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.