Mutual of America Capital Management LLC Sells 4,946 Shares of Chubb Limited (NYSE:CB)

Mutual of America Capital Management LLC trimmed its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,260 shares of the financial services provider's stock after selling 4,946 shares during the quarter. Mutual of America Capital Management LLC's holdings in Chubb were worth $13,341,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Capital World Investors grew its position in shares of Chubb by 6.6% during the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider's stock valued at $2,849,677,000 after buying an additional 685,677 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider's stock worth $1,739,625,000 after purchasing an additional 2,064,730 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Chubb by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider's stock worth $1,258,202,000 after purchasing an additional 63,891 shares during the last quarter. Legal & General Group Plc increased its position in Chubb by 2.9% in the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider's stock worth $938,663,000 after buying an additional 104,986 shares during the period. Finally, Lazard Asset Management LLC increased its position in Chubb by 14.8% in the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider's stock worth $918,294,000 after buying an additional 457,881 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CB. Roth Mkm boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Morgan Stanley raised their target price on Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Piper Sandler boosted their price target on Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods raised their price target on Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company upped their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $287.37.

Chubb Price Performance

CB traded up $0.66 during trading on Monday, hitting $288.66. The company's stock had a trading volume of 1,126,366 shares, compared to its average volume of 1,607,757. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $116.36 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 6.71 and a beta of 0.67. The firm's 50 day moving average price is $287.84 and its two-hundred day moving average price is $273.37. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05.

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

Insider Activity

In related news, Director Michael G. Atieh sold 261 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. This trade represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is owned by 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.