Jennison Associates LLC Sells 45,920 Shares of Chubb Limited (NYSE:CB)

Jennison Associates LLC lessened its stake in Chubb Limited (NYSE:CB - Free Report) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,064,580 shares of the financial services provider's stock after selling 45,920 shares during the quarter. Jennison Associates LLC owned approximately 0.26% of Chubb worth $307,014,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CB. Pathway Financial Advisers LLC acquired a new stake in Chubb during the first quarter worth about $25,000. Beacon Capital Management LLC raised its position in shares of Chubb by 76.4% during the 2nd 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 during the period. Chilton Capital Management LLC bought a new stake in shares of Chubb in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb during the 2nd quarter valued at approximately $28,000. Finally, Kozak & Associates Inc. bought a new position in Chubb during the 3rd quarter worth $29,000. Institutional investors own 83.81% of the company's stock.

Chubb Stock Down 0.4 %

NYSE:CB traded down $1.03 on Wednesday, hitting $282.84. 1,185,867 shares of the company's stock traded hands, compared to its average volume of 1,601,508. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The firm has a 50-day moving average price of $287.63 and a 200-day moving average price of $273.89. The company has a market cap of $114.01 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 6.71 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts' consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.95 earnings per share. Equities analysts anticipate that Chubb Limited will post 21.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CB shares. Jefferies Financial Group raised their target price on Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. JMP Securities boosted their target price on shares of Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Barclays began coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 price target on the stock. Evercore ISI lifted their price target on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $287.37.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares of the company's stock, valued at $167,748,829.50. This represents a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is currently owned by company insiders.

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.