Chubb Limited (NYSE:CB) Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP decreased its holdings in Chubb Limited (NYSE:CB - Free Report) by 60.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,303 shares of the financial services provider's stock after selling 4,974 shares during the quarter. Mount Lucas Management LP's holdings in Chubb were worth $953,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CB. Beacon Capital Management LLC lifted its position in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in Chubb during the 1st quarter valued at approximately $25,000. Kozak & Associates Inc. bought a new stake in Chubb in the 3rd quarter valued at about $29,000. Chilton Capital Management LLC acquired a new position in shares of Chubb during the second quarter valued at $26,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Chubb during the 2nd quarter worth about $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares of the company's stock, valued at $167,748,829.50. The trade was a 4.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares of the company's stock, valued at $12,187,213.92. The trade was a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CB shares. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 5th. Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th. Barclays began coverage on Chubb in a research note on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price target for the company. Finally, Royal Bank of Canada increased their price objective on Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $287.37.

Chubb Stock Performance

Shares of CB stock traded up $1.07 during trading hours on Friday, reaching $288.00. 1,794,866 shares of the company traded hands, compared to its average volume of 1,517,017. The firm has a 50-day moving average price of $287.84 and a 200 day moving average price of $273.21. The company has a market cap of $116.09 billion, a P/E ratio of 11.79, a P/E/G ratio of 6.71 and a beta of 0.67. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the previous year, the business posted $4.95 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

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.