Chubb Limited (NYSE:CB) is Confluence Investment Management LLC’s 4th Largest Position

Confluence Investment Management LLC cut its holdings in Chubb Limited (NYSE:CB) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 587,389 shares of the financial services provider’s stock after selling 14,619 shares during the quarter. Chubb makes up about 2.3% of Confluence Investment Management LLC’s holdings, making the stock its 4th biggest holding. Confluence Investment Management LLC owned 0.14% of Chubb worth $169,397,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in shares of Chubb by 0.5% during the second quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock valued at $1,917,000 after buying an additional 40 shares during the last quarter. Steigerwald Gordon & Koch Inc. boosted its stake in Chubb by 1.9% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 40 shares during the last quarter. LVW Advisors LLC increased its holdings in shares of Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after purchasing an additional 40 shares in the last quarter. Wealth Effects LLC raised its stake in shares of Chubb by 3.0% in the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 40 shares during the last quarter. Finally, Quotient Wealth Partners LLC lifted its holdings in shares of Chubb by 4.1% during the second quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 41 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

In other news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares in the company, valued at $11,261,558.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 in the last three months. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Down 0.7 %

CB opened at $277.99 on Friday. The stock has a market cap of $112.06 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 6.49 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s fifty day moving average is $288.26 and its 200 day moving average is $271.47. Chubb Limited has a fifty-two week low of $216.26 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the prior year, the company posted $4.95 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Chubb Limited will post 21.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on CB. Barclays began coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday. JMP Securities increased their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $287.37.

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.